African Economic Outlook 2008

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OECD Publishing, May 21, 2008 - 689 pages
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This fact-filled reference book brings the reader the latest available economic information for most of the economies of Africa.  Drawing on the expertise of both the African Development Bank and the OECD, it opens with an overview that examines the international environment, macroeconomic performance, progress towards attaining the Millennium Development Goals, and governance and political issues. This edition includes a special focus on technical and vocational skills development. The second part provides individual country reports for 35 countries.  Each country report provides an assessment of recent economic performance, projections for 2008 and 2009, an examination of structural issues, and a discussion of the political and social context.  The statistical annex presents 24 tables comparing economic and social variables across all the countries of Africa.

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Page 1 - RECs, such as the Economic Community of West African States (ECOWAS), the Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA...
Page 17 - In the West African Economic and Monetary Union (WAEMU), consisting of Benin, Burkina Faso, Cote d'lvoire, Guinea-Bissau, Mali, Niger, Senegal and Togo, economic performance continued to be negatively affected by the continued political turmoil in Cote d'lvoire - the largest economy within WAEMU. Growth also...
Page 1 - Community of Sahel-Saharan States (CEN-SAD), Common Market for Eastern and Southern Africa (COMESA), East African Community (EAC...
Page 8 - The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF and World Bank supported adjustment and reform programmes (IMF and World Bank, 2005).
Page 6 - ... evaluation, and consultative mechanisms, including reporting back to the Committee on progress on a regular basis in the context of the Global Monitoring Report, starting in 2007. 5. We welcomed the G-8 proposal for 100 percent cancellation of debt owed by eligible heavily indebted poor countries (HIPCs) to the International Development Association (IDA), the African Development Fund (AfDF), and the International Monetary Fund, as providing a valuable opportunity to reduce debt and increase resources...
Page 6 - Korea also has decided to increase its ODA to 0.10 per cent of its GNI by 2010, which implies more than doubling its aid to around $1 billion.
Page 6 - ... year. Other nonDAC OECD member countries such as Turkey, Mexico and several European countries also have ambitious plans to scale up their aid by 20 1 0. The nonDAC OECD members of the EU (the Czech Republic, Hungary, Poland, and Slovakia) and the other new EU members committed themselves to reach 0.17 per cent of GNI by 2010 and 0.33 per cent by 2015. Official flows from Middle East and other OPEC countries are also expected to increase, mainly in the form of loans for project finance. China...

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