This paper examines different explanations - initial conditions, openness to trade and FDI, and institutions - of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete. Even when correctly articulated,...

In this study, economic developments and achievements, the role of the IMF, strong economic recovery, the formulation and implementation of the government’s budgetary policy, and the progress made in rebuilding fiscal institutions are first discussed in detail. An overview of the challenges...

The resumption of economic growth in Latin America is predicated on the successful restoration of fiscal discipline and stabilization. In restoring fiscal discipline, the mix of policy instruments should aim at maximizing efficiency in the use of domestic and foreign resources. Poverty...

Cabo Verde's economic achievements over the last thirty years have been spectacular and are unprecedented on the African continent. These achievements are remarkable given the unique challenges the country faces due to its small size, lack of scale for production of goods and delivery of...

This poverty assessment focuses on the evolution of poverty and other social indicators in Ethiopia between 2010-11 and 2015-2016 (henceforth referred to as 2011 and 2016). Using data from a variety of sources, mainly the twinned household living standards surveys (HCES and WMS), the Ethiopia...

This poverty assessment focuses on the evolution of poverty and other social indicators in Ethiopia between 2010-11 and 2015-2016 (henceforth referred to as 2011 and 2016). Using data from a variety of sources, mainly the twinned household living standards surveys (HCES and WMS), the Ethiopia...

After a destructive civil war and extreme political instability, Uganda began its reconstruction process in 1987. Within the enabling environment of macroeconomic stability, most of the progress on the twin goals was attributable to higher agricultural incomes. Poverty reduction among households...