This paper studies the evolution of the exchange rates of sub-Saharan African currencies in the context of the global financial crisis. In particular, it analyzes the reasons behind the differences in the magnitude and volatility of the exchange rates among countries. To this end, it takes a...

This analysis of the extent of trade integration of sub-Saharan African (SSA) countries in the global economy as well as within the region over the 1995-2013 period focuses on four key concepts: (1) trade openness, captured by import and export flows; (2) the centrality in the global and...

Excessively procyclical fiscal policy can be harmful. This paper investigates to what extent the fiscal policies of sub-Saharan African countries were procyclical in recent years and the reasons for the degree of fiscal procyclicality among these countries. It finds that a tendency for...

There is significant room to improve public investment efficiency in sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-a-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...

Far-reaching changes in technology, climate, and global economic integration are transforming the world of work in ways that we do not yet fully understand. Will the swift technological advances of the Fourth Industrial Revolution raise the standards of living for everyone? Or will robots...

Fiscal decentralization is becoming a pressing issue in a number of countries in sub-Saharan Africa, reflecting demands for a greater local voice in spending decisions and efforts to strengthen social cohesion. Against this backdrop, this paper seeks to distill the lessons for an effective...

This paper aims to contribute to the international policy debate around profit shifting, tax avoidance and SSA's revenue mobilization efforts in three ways. First, it examines the importance of mining, the role of multinational enterprises (MNEs), and mining revenue outcomes in SSA. Second, it...

Sub-Saharan African countries have been hit, in recent years, by a cascading series of shocks that have exacerbated fiscal vulnerabilities. Significant reforms are needed to rebuild buffers and preserve the sustainability of public finances. The paper argues that a strategic approach to fiscal...