Prior to July 2008 and despite the subprimecrisis, Africa recorded excellent economicgrowth. The drivers of strong economicgrowth included macroeconomicreforms, a world economic situation thatwas characterized by high demand forcommodities, rising capital inflows andChina’s strong growth....

This paper examines the question of whetherinflation targeting monetary policy is anappropriate framework for sub-SaharanAfrican countries. The paper presents anoverview of inflation targeting, reviews thejustification for the regime, and summarizessome major critiques. Monetary policyresponses...

The objective of this paper is to discussmacroeconomic policies that would helpAfrican countries, especially the lowincome countries (LICs), reach strong,sustained and shared growth in the postcrisisworld. The paper first reviews, witha special focus on LICs, macroeconomicpolicies in Africa...