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After several years of robust growth, real GDP growth slowed to 2.9 percent in 2008 owing to a decline in mining output. The nonmining primary deficit (NMPD) amounted to 28.6 percent of nonmining GDP in 2008/09, well above the 16.8 percent NMPD in 2007/08. Botswana continues to peg the pula to a...
Persistent link: https://www.econbiz.de/10011244730
Wirtschaftswachstum ist, zeigt sich folgender Trend, der am Beispiel Sambias und Nigerias gezeigt wird: während einer ersten … Expansionsphase regen Rohstoffexporte das Wirtschaftswachstum an. Nach einer gewissen Zeit, meist ausgelöst durch temporäre …
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This Selected Issues paper aims at discussing the impact of the oil windfall on Chad, with a focus on growth, poverty, competitiveness, and fiscal policy challenges posed by the oil revenue outlook. The paper discusses the reforms needed to remove structural factors that constraints the non-oil...
Persistent link: https://www.econbiz.de/10011245496
Over many years rises and fall of world oil prices have been repeatedly reflected in the boom-bust cycles in oil …-exporting countries the world over. The recent spectacular rise and equally spectacular fall in prices provides an opportunity to inquire … policy considerations for eight of the world's oil-producing countries in sub- Saharan Africa. Because we are interested in …
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Equatorial Guinea’s macroeconomic performance in the recent period has been broadly satisfactory. Despite the macroeconomic environment, however, progress in alleviating poverty and meeting the MDGs has been slow. Executive Directors welcome the government’s intention to prepare a...
Persistent link: https://www.econbiz.de/10011243348
The overarching policy challenge facing Nigeria is to reduce widespread poverty and unemployment. Macroeconomic performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The fiscal targets and the medium-term fiscal consolidation...
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