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The New Partnership for Africa's Development (NEPAD) Opportunities and Challenges

  • Saleh M. Nsouli
  • Norbert Funke
Registered author(s):

    This paper reviews major issues involved in achieving the objectives of the New Partnership for Africa's Development (NEPAD). Using a simple framework for evaluation, the analysis highlights considerations relevant to policymakers in the areas of poverty reduction, macroeconomic policies, trade promotion, attracting capital flows, and governance and institutional reforms. The analysis also identifies risks involved in achieving NEPAD's objectives. To minimize these risks, it will be important to make some goals more operational, to further broaden and deepen stakeholder participation, to establish a sound basis for monitoring progress, to prepare contingency plans, and to harmonize the role of regional institutions with NEPAD initiatives.

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    Paper provided by International Monetary Fund in its series IMF Working Papers with number 03/69.

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    Length: 35
    Date of creation: 01 Apr 2003
    Date of revision:
    Handle: RePEc:imf:imfwpa:03/69
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    1. Dhaneshwar Ghura & Anupam Basu & Evangelos A. Calamitsis, 2000. "Promoting Growth in Sub-Saharan Africa; Learning What Works," IMF Economic Issues 23, International Monetary Fund.
    2. Andrew Feltenstein & Saleh M. Nsouli, 2003. ""Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China," IMF Staff Papers, Palgrave Macmillan, vol. 50(3), pages 6.
    3. Benedict J. Clements & Sanjeev Gupta & Emanuele Baldacci & Carlos Mulas-Granados, 2002. "Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries," IMF Working Papers 02/77, International Monetary Fund.
    4. Anupam Basu & Krishna Srinivasan, 2002. "Foreign Direct Investment in Africa; Some Case Studies," IMF Working Papers 02/61, International Monetary Fund.
    5. Mohsin S. Khan & Sunil Sharma, 2001. "IMF Conditionality and Country Ownership of Programs," IMF Working Papers 01/142, International Monetary Fund.
    6. Robert E. Hall & Charles I. Jones, . "Fundamental Determinants of Output per Worker across Countries," Working Papers 97021, Stanford University, Department of Economics.
    7. Catherine A. Pattillo & Taye Mengistae, 2002. "Export Orientation and Productivity in Sub-Saharan Africa," IMF Working Papers 02/89, International Monetary Fund.
    8. Michael Mussa & Giovanni Dell'Ariccia & Barry J. Eichengreen & Enrica Detragiache, 1998. "Capital Account Liberalization; Theoretical and Practical Aspects," IMF Occasional Papers 172, International Monetary Fund.
    9. Norbert Funke & Nicola Fuchs-Schündeln, 2001. "Stock Market Liberalizations; Financial and Macroeconomic Implications," IMF Working Papers 01/193, International Monetary Fund.
    10. Arvind Subramanian & Aaditya Mattoo & Devesh Roy, 2002. "The Africa Growth and Opportunity Act and its Rules of Origin; Generosity Undermined?," IMF Working Papers 02/158, International Monetary Fund.
    11. International Monetary Fund, 2002. "Moreon the Effectiveness of Public Spendingon Health Care and Education; A Covariance Structure Model," IMF Working Papers 02/90, International Monetary Fund.
    12. Mohsin S. Khan & A. Senhadji Semlali & Bruce D. Smith, 2001. "Inflation and Financial Depth," IMF Working Papers 01/44, International Monetary Fund.
    13. Reza Baqir, 2002. "Social Sector Spending in a Panel of Countries," IMF Working Papers 02/35, International Monetary Fund.
    14. Sebastian Edwards, 2001. "Capital Mobility and Economic Performance: Are Emerging Economies Different?," NBER Working Papers 8076, National Bureau of Economic Research, Inc.
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