African Economic Outlook 2009 by OECD OCDE

By OECD OCDE

The African monetary Outlook 2009 reports the hot monetary state of affairs and predicts the momentary evolution of forty seven African nations which account for ninety nine% of the continent's financial output and ninety seven% of its inhabitants. The Outlook is drawn from a country-by-country research in response to a special analytical layout. This universal framework features a forecasting workout for the present and the 2 following years, utilizing an easy macroeconomic version, including an research of the social and political context. This Overview features a comparative synthesis of African state customers, putting the evolution of African economies on the earth financial context. it is also a bit on innovation and knowledge and conversation applied sciences (ICTs) in Africa, providing a accomplished evaluate in their proliferation and use at the African continent, in addition to a statistical annex. A URL is equipped for linking to the full-length nation notes.

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In 2008, as in 2007, the largest African aid recipients included several among the 28 which have achieved their HIPC28 completion point or are in the process of doing so. As of March 2009, 20 African countries had reached their completion points and 8 more had reached the decision point under the enhanced HIPC Initiative; 5 others are potentially eligible29. 1787/568234823152 are freed from debt repayment are channelled to expenditures on health, education and other social services30. The concern expressed in AEO 2007/08 over debt sustainability is still relevant.

OECD DAC (2009), op. cit. 33. html 34. OECD DAC (2009), op. , pp. 89-99. 35. For more information, OECD DAC (2009), op. , pp. 92-93. 36. 12. © AfDB/OECD 2009 African Economic Outlook 35 Overview also in May 2008 DAC members agreed to expand the coverage of the recommendations to eight heavily indebted poor countries (HIPCs) that are not LDCs. However, progress towards ownership seems to be uneven among partners and donors and often remains narrowly based within partner countries. National governments appear to encounter difficulties in making their strategies operational, especially when it comes to allocating budgets for specific results.

In Southern Africa, Angola remained a net capital exporter in 2007. 7 billion. Preliminary estimates suggest a further boost of inflows over 2008, reaching USD 12 billion at year’s end. 4 billion at end 2007). 6 billion the previous years. FDI levels and prospects still vary widely by region, sector and country. FDI investments in North Africa were the continent’s most diversified, with projects in textiles, oil and chemicals and the production of generic pharmaceuticals. 6 billion. 4 billion foreign entry into Libya’s state-owned Tamoil).

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