Oil Wealth in Central Africa : Policies for Inclusive Growth / Sharmini Coorey, Bernardin Akitoby.

Format:

Book

Government document

Author/Creator:

Coorey, Sharmini.

Contributor:

Akitoby, Bernardin.

International Monetary Fund.

Series:

Books

Language:

English

Subjects (All):

Petroleum industry and trade--Africa, Central.

Petroleum industry and trade.

Economic development--Africa, Central.

Economic development.

Africa, Central--Economic policy.

Africa, Central.

Physical Description:

1 online resource (247 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Summary:

Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth and to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.

Contents:

Cover; Contents; Foreword; Acknowledgments; About the Authors; Abbreviations; Overview; PART I: MACROECONOMIC AND GROWTH CHALLENGES; 1 The CEMAC's Macroeconomic Challenges; FIGURES; Figure 1.1 CEMAC: Growth and Development Challenges, 2005-10; TABLES; TABLE 1.1 Social Indicators; Figure 1.2 Fiscal Sustainability; TABLE 1.2 Infrastructure Costs; Figure 1.3 Exchange Rate Developments, 1990-2010; BOX 1.1 Inflation in the CEMAC Area; Figure 1.4 Non-Oil GDP Growth; TABLE 1.3 CEMAC: Selected Partners' Trade Shares (Percent of total trade); Figure 1.5 Credit to the Nonfinancial Private Sector

Figure 1.6 Investment Climate IndicatorsTABLE 1.4 Common External Tariffs: Selected Regions (Percent); Figure 1.7 Selected Regions: Intraregional Trade; TABLE 1.5 CEMAC: Millenium Development Goals, 1990 and 2009; APPENDIX TABLE 1.1 CEMAC: Selected Economic and Financial Indicators, 2005-10; 2 Improving Surveillance Across the CEMAC Region; BOX 2.1 Central African Economic and Monetary Community (CEMAC) Convergence Criteria; TABLE 2.1 CEMAC: Fiscal Convergence Criteria, 1998-2008; TABLE 2.2 Comparison of CEMAC Fiscal Indicators, 2000-08 (percent of GDP)

TABLE 2.3 Comparison of CEMAC Fiscal Indicators, 2000-08 (percent of non-oil GDP)Figure 2.1 CEMAC Non-oil Real GDP Growth and the Fiscal Impluse, 1995-2008; Figure 2.2 External Debt and Primary Gap, 1998-2008; TABLE 2.4 CEMAC Long-Term Macroeconomic Assumptions for Applying Rules-Based Measures (Percent, unless otherwise noted); Figure 2.3 Sustainability of the Non-Oil Primary Deficit under Different Fiscal Rules, 2009-13; TABLE 2.5 CEMAC Average Sustainable Non-oil Primary Deficit Under Different Fiscal Rules, 2009-48 (percent of Non-oil GDP)

Figure 2.4 CEMAC Sensitivity of the Sustainable Non-Oil Primary Deficit to Oil Prices Under a Permanent Income Hypothesis, 2009-13Figure 2.5 Central African Economic and Monetary Community Overall Fiscal Balance and External Current Account Balance; Figure 2.6 BEAC: Foreign Assets and Government Deposits, 1995-2008; TABLE 2.6 CEMAC: Currency Cover Ratio and Gross Official Reserves, 2000-08; 3 Determinants of Non-Oil Growth in the CFA Zone Oil-Producing Countries: How Do They Differ?; Figure 3.1 CFA Zone Countries and Select LICs: Non-Oil Growth and Development Indicators

TABLE 3.1 Growth and Total Investment: Estimation ResultsTABLE 3.2 Growth and Total Investment Robustness Check: Estimation Results Using the REER versus the PPP Undervaluation Index; TABLE 3.3 Growth and Investment: Estimation Results When Investment Is Disaggregated into Public and Private Investment; TABLE 3.4 Impact of investment on non-oil growth; 4 CEMAC's Infrastructure Gap: Issues and Policy Options; Figure 4.1 Changes in Growth per Capita Caused by Changes in Growth Fundamentals, 1990-2005

Figure 4.2 Changes in Growth per Capita in CEMAC Countries Caused by Infrastructure Improvements, 1999-2005

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9781475573398

1475573391

9781475549126

1475549121

OCLC:

870244892