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| Author | : Karim Barhoumi |
| Publisher | : International Monetary Fund |
| Total Pages | : 51 |
| Release | : 2018-07-06 |
| Genre | : Business & Economics |
| ISBN | : 148436001X |
Download Public Investment Efficiency in Sub-Saharan African Countries Book in PDF, ePub and Kindle
There is significant room to improve public investment efficiency in sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-à-vis peers such as emerging and developing Asia as well as Latin America and the Caribbean, and the region’s infrastructure is perceived as being of relatively low quality. Improving the efficiency of sizable investment programs in the region could contribute to more solid economic growth and help achieve desired social priorities and development goals. Results point to some variability in public investment efficiency within the region. Comparing efficiency scores across country groups suggests that investment efficiency in sub-Saharan African oil exporters tends to be lower than in sub-Saharan African non-resource-intensive countries. Additionally, countries in East African Community (EAC) perform better than those in Central African Economic and Monetary Community (CEMAC) and West African Economic and Monetary Union (WAEMU). Stronger institutions could foster more efficient public investment. The regression results in this paper show a positive correlation between public investment efficiency and the quality of institutions, suggesting that devel-oping stronger institutions in sub-Saharan Africa could lead to a significant improvement in investment efficiency. This is particularly relevant for coun-tries with weak institutional quality, where governments may use capital spending as a vehicle for rent-seeking, leading to inefficient spending. Given the current drive for scaling up investment in sub-Saharan Africa, the task of improving institutions quickly should become a priority.
| Author | : Mr.Dhaneshwar Ghura |
| Publisher | : International Monetary Fund |
| Total Pages | : 48 |
| Release | : 1995-02-01 |
| Genre | : Business & Economics |
| ISBN | : 1451922523 |
Download Public Policies and Private Savings and Investment in Sub-Saharan Africa Book in PDF, ePub and Kindle
This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.
| Author | : Augustin Kwasi Fosu |
| Publisher | : |
| Total Pages | : |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
Download Optimal Public Investment, Growth, and Consumption Book in PDF, ePub and Kindle
| Author | : Richard Allen |
| Publisher | : International Monetary Fund |
| Total Pages | : 37 |
| Release | : 2017-09-11 |
| Genre | : Business & Economics |
| ISBN | : 1484319524 |
Download Medium-Term Budget Frameworks in Sub-Saharan African Countries Book in PDF, ePub and Kindle
More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the performance of these frameworks in six countries–– Kenya, Namibia, South Africa, Tanzania, Uganda, and Zambia. It assesses the effectiveness of MTBFs in achieving improved fiscal discipline, resource allocation, and certainty of funding, as well as wider economic and social criteria such as poverty reduction and more efficient public investment. In most countries, early successes were not sustained, and budgetary outcomes did not improve, partly for technical reasons, such as poor data and inadequate forecasting methodologies, but also because the reforms were largely supply driven. The paper argues that the development of MTBFs typically falls into four distinct phases. To make the transition from one phase to the next, developing countries should focus on building their capability in macrofiscal forecasting and analysis, and in improving the credibility of the annual budget process.
| Author | : Mr.Ernesto Hernández-Catá |
| Publisher | : International Monetary Fund |
| Total Pages | : 27 |
| Release | : 2000-05-01 |
| Genre | : Political Science |
| ISBN | : 1451973519 |
Download Raising Growth and Investment in Sub-Saharan Africa Book in PDF, ePub and Kindle
This paper argues that sub-Saharan Africa’s growth performance needs to be improved substantially in order to raise standards of living to an acceptable level and achieve a visible reduction in poverty. The paper provides a broad overview of the explanations for sub-Saharan Africa’s unsatisfactory growth performance in the past, paying particular attention to the empirical literature. It argues that growth has been hampered by economic distortions and institutional deficiencies that have increased the risk of investing in Africa, and lowered the rates of return on capital and labor as well as the growth of total factor productivity.
| Author | : Mr.Amadou N Sy |
| Publisher | : International Monetary Fund |
| Total Pages | : 61 |
| Release | : 2019-02-14 |
| Genre | : Business & Economics |
| ISBN | : 1484385667 |
Download FinTech in Sub-Saharan African Countries Book in PDF, ePub and Kindle
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
| Author | : Mr.Chris Papageorgiou |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 2011-02-01 |
| Genre | : Business & Economics |
| ISBN | : 1455217891 |
Download Investing in Public Investment Book in PDF, ePub and Kindle
This paper introduces a new index that captures the institutional environment underpinning public investment management across four different stages: project appraisal, selection, implementation, and evaluation. Covering 71 countries, including 40 low-income countries, the index allows for benchmarking across regions and country groups and for nuanced policy-relevant analysis and identification of specific areas where reform efforts could be prioritized. Potential research venues are outlined.
| Author | : George Kararach |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : |
| ISBN | : |
Download Public Investment Efficiency, Economic Growth and Debt Sustainability in Africa Book in PDF, ePub and Kindle
| Author | : Rexford A. Ahene |
| Publisher | : Praeger |
| Total Pages | : 272 |
| Release | : 1992-05-21 |
| Genre | : Business & Economics |
| ISBN | : |
Download Privatization and Investment in Sub-Saharan Africa Book in PDF, ePub and Kindle
This contributed volume examines development efforts in sub-Saharan Africa and the role privatization and foreign investment can play. The focus is on African and international capital mobility and recent experience in private investment in contemporary African states. While government in Africa continues to have a hand in economic and political matters, private enterprise, private investment, and market forces are becoming increasingly active. The volume reveals these new directions in development practice in Africa and analyzes the difficulties which government, while well-intended, has created in the past. Contributors from the United States and Africa pose questions and examine scenarios for investment in sub-Saharan Africa. And while no single strategy is agreed upon, they provide overwhelming evidence that it has been the failure of prior central policies which has held these nations back, and that hope for the 1990's lies in the unleashing of the private sector. This work will be of interest to scholars and policy-makers in development economics, international trade and finance, and African studies.
| Author | : International Monetary Fund. Fiscal Affairs Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 69 |
| Release | : 2020-06-08 |
| Genre | : Business & Economics |
| ISBN | : 1513546430 |
Download Gabon Book in PDF, ePub and Kindle
In response to a request from the Gabonese authorities, a mission from the Fiscal Affairs Department of the IMF visited Libreville to conduct an evaluation of public investment management, using the Public Investment Management Assessment methodology. The report highlights that enhancing the efficiency of public investment is essential, given Gabon’s current budget constraints. Improving public investment management (PIM) should help stem the declines in public investment efficiency in Gabon. In terms of infrastructure quality, public investment efficiency has fallen to half of the expected optimal level, compared to a 20 percent decline both worldwide and in Sub-Saharan Africa, as well as a 31 percent decline in member states of the Central African Economic and Monetary Union. The findings of the PIM assessment reveal structural deficiencies in planning procedures and institutional arrangements. Eight recommendations are put forward to enhance PIM efficiency in the short and medium terms, with three urgent steps needed to rationalize planning.
