Post-stabilization economics in Sub-Saharan Africa

By International Monetary Fund Staff, Shanaka J. Peiris

Subjects: Postwar reconstruction, Poverty, Africa, economic policy, Economic assistance, Economic conditions, Economic assistance, africa, Africa, economic conditions, Economic policy

Description: Mozambique is an economic success story in Sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of special interest to other Sub-Saharan countries are the book's discussions of Mozambique's progress toward consolidating macroeconomic and financial stability, and the challenges it faces in ensuring long-term sustainability, creating a virtuous cycle of natural resource use, and implementing second-generation structural reforms to sustain its growth. This book also provides a summary of the most recent research on issues related to post-stabilization economics in SSA.