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Tag Archives: Sub-Saharan Africa

Charting a Path for a Resilient Recovery in Sub Saharan Africa

By Kristalina Georgieva and Abebe Aemro Selassie Perhaps first among the many lessons of 2020 is that the notion of so‑called black swan events is not some remote worry. These purportedly once‑in‑a‑generation events are occurring with increasing frequency. Take climate‑related shocks, especially in sub‑Saharan Africa. More than any other region, it is vulnerable to these events because of its heavy dependence on rain‑fed agriculture and its limited ability to adapt to shocks. Every year, the...

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Chart of the WeekTrade as a Tool for an Efficient Recovery

By Jesus Gonzalez-Garcia and Yuanchen Yang As economies now look for paths to recovery from the COVID-19 crisis, new evidence reaffirms that policies for more open and trade-integrated economies could significantly benefit domestic competition and ultimately may help lower costs for consumers in emerging and developing economies. A recent Working Paper, building on the Regional Economic Outlook chapter on competition, competitiveness and growth in Sub-Saharan Africa, examines the effect of...

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Chart of the WeekLow Internet Access Driving Inequality

By Mercedes García-Escribano COVID-19 and the Great Lockdown triggered a mass migration from analog to digital and highlighted that access to the Internet is crucial for socioeconomic inclusion. High-speed Internet is key for working from home, for children’s education when they can’t attend school in person, for telemedicine, for benefiting from social support programs, and for enabling access to financial services for everyone, especially for those living in remote areas. The digital...

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Safeguarding Africa’s Food Security in the Age of COVID-19

By Pritha Mitra and Seung Mo Choi Food security in sub-Saharan Africa is under threat. The ability of many Africans to access sufficient, safe and nutritious food to meet their dietary needs has been disrupted by successive natural disasters and epidemics. Cyclones Idai and Kenneth, locust outbreaks in eastern Africa, and droughts in southern and eastern Africa are some examples. The COVID-19 pandemic is just the latest catastrophe to have swollen the ranks of 240 million people going hungry...

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Delivering on Africa’s Dreams

By David Lipton Across sub-Saharan Africa, a visit to a school offers both a vision of hope for the future, and a reminder of the difficulties in attaining that vision. My recent visit to Sierra Leone and Niger brought this duality into sharp focus. In Sierra Leone, classrooms at the Regent Square Municipal School showcase the government’s ambitious Free Quality Education program that aims to build on the country’s most precious resource—its children. There, eager students are attentive and...

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Top 10 Charts of the Week for 2019

By IMFBlog The decade is over and with it goes another year of insightful, thought-provoking, and dare we say clever, charts of the week brought to you by the IMF. Everyone likes a great chart, right? So to get the new year started on the right foot, take a minute and look back at what caught your eye (or what you might have missed) in 2019. Here are the top ten charts of the week for 2019, based on your readership. 1. Mapping the World’s Financial Weak Spots 2. Corruption and Your...

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Striking the Right Balance Between Sustainable Development and Sustainable Debt

By Kristalina Georgieva عربي, Español Over the past two decades, sub-Saharan Africa has made considerable economic progress: extreme poverty levels have declined by one third; life expectancy has increased by a fifth; and real per capita income has grown by about 50 percent on average. Yet, sub-Saharan Africa is still only half-way to meeting the Sustainable Development Goals. To achieve these goals, sub-Saharan Africa will need financing. One of the ways to access financing is through...

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Chart of the week The Global Informal Economy: Large but On The Decline

By Thomas F. Alexander Español The informal economy, which is economic activity that falls outside the regulated economy and tax system, such as street vending or unregistered taxi drivers, is hard to measure. People and companies engaged in the informal economy usually operate on a small scale. This means there are no official statistics on the informal or shadow economy, as it’s sometimes called, so economists need to estimate its size. Some common techniques include surveys or indirect...

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How To Reignite Growth in Emerging Market and Developing Economies

By Romain Duval and Davide Furceri عربي, 中文, Español, Français, 日本語, Português, Русский Emerging markets and developing economies have enjoyed good growth over the past two decades. But many countries are still not catching up with the living standards of advanced economies. At current growth rates, it would take more than 50 years for a typical emerging market economy to close half of its current income gap in living standards, and 90 years for a typical developing economy. Our research...

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Chart of the WeekFintech Can Cut Costs of Remittances to Latin America

By IMFBlog Español, Português For Latin Americans living abroad, sometimes sending money back home can be a complicated and costly ordeal. Most people rely on traditional banking methods and money transfer operators to send their remittances. But using these financial services for cross-border payments is costly—about a 6 percent charge on the total amount—and these fees are typically paid by the sender. This means less money left over for the family or friends receiving the money. A more...

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