Africa's Pulse, October 2015

Chuhan-Pole, Punum; Calderon, Cesar; Kambou, Gerard; Boreux, Sebastien; Buitano, Mapi M.; Korman, Vijdan; Kubota, Megumi

Africa's Pulse, October 2015

2015

External headwinds and domestic difficulties are impacting economic activity in Sub-Saharan Africa. Sub-Saharan Africa’s growth will decelerate in 2015 amid weak global economic conditions. Some countries, however, will continue posting solid growth. Sub-Saharan Africa is entering a period of tightening borrowing conditions amid growing domestic and external vulnerabilities. Reflecting the widening fiscal deficits, government debt has continued to rise in many countries. Weak fundamentals, combined with the strong appreciation of the U.S. dollar, have kept currencies across the region under pressure throughout the year. Policy buffers are low in several countries, constraining the response to the current environment and underscoring the need for African countries to improve domestic resource mobilization and enhance public expenditure efficiency. Progress in reducing income poverty in Sub-Saharan Africa may have been faster than the authors thought, but poverty remains high. The region’s growth deceleration challenges efforts to reduce poverty.

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AGROVOC Keywords

accounting agricultural commodities balance of payments balance sheets bank loans bid budget budgets business cycles capacity building commercial banks currencies debt deficit devaluation developing countries equity exchange rate expenditure external debt finance financial institutions fiscal policies globalization gross domestic product immunization indebtedness inflation interest rates international trade investment liquidity loans market economies markets maturity microdata poverty private investment public debt public investment remittances repayment risk management rule of law stock stocks valuation

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Publisher

World Bank, Washington, DC

Other Subjects

Short-term debt; Investor; International financial statistic; Trade finance; Reserves; Income levels; Macroeconomic variables; Debt relief; Post-crisis period; Portfolio; Foreign direct investment; Central bank; Exporter; Exchange rates; Government spending; Commodity price; International economics; Bullet repayment; Interest rate; Global finance; Investment portfolio; Macroeconomic policy; Bond market; Commercial terms; Revenues; Bond issuance; Exchange; Public debt stocks; Repayments; International bond; Real interest rate; Debt accumulation; Market; Amortizations; Investment in debt securities; Borrowing costs; Terrorism; Accounting framework; Debt reduction; Public sector debt; Government debt; Cash reserve; Country risk; Direct investment; Local investors; Domestic debt; Exporters; Real interest rates; Issuances; Recurrent expenditures; Foreign capital; Monetary fund; Goods; Good; Debt restructuring; Debt service; Debt levels; Current account deficits; Financial instability; Income level; Import costs; Investment climate; Negative shocks; Currency crises; Export share; Macroeconomic conditions; Capital flow; Foreign currency; Debt obligations; Oil prices; Financial openness; Solvency; Private credit; Financial flows; Creditors; Debt of countries; Deficits; Investor base; Sovereign bonds; Government expenditure; Real exchange rate; Holding; Price stability; Portfolio investment; Investment projects; Financial systems; Monetary authorities; Bullet repayments; Policy responses; Sovereign debt; Emerging market countries; Debt securities; Share; Political risks; Forgiveness; Current account surpluses; Fiscal deficit; Fiscal policy; Global capital; Securities; Fiscal authorities; Tax incentives; Central banks; Federal reserve; Financial markets; Credit growth; Private capital; Basis points; Commodity prices; Foreign currencies; Global trade; Flexible exchange rate; Equity issue; International finance; Checks; Bond spreads; Government revenues; Policy response; Debt burden; Financial crisis; Purchasing power; Financial liberalization; Loan; Current account deficit; Total debt; Debt ratio; Current account surplus; Bond; Debt stocks; International markets; Political economy; Trade credit; Interest; Reserve; Emerging market; Eurobond; Capital outlays; Liquidity risks; Currency; Macroeconomic instability; Macroeconomic policies; Debt source; Investors; Cash reserve ratio; Arrears; Shares; Capital markets; Fiscal deficits; Sovereign bond; Currency risks; Revenue; Debt forgiveness; Foreign exchange; External funding; International bond market; Security; International financial integration; Treasuries; Emerging markets; Enforcement mechanisms; Issuance; Bond issuances; Local currency; International financial statistics; Debt ratios; Real interest; Bonds; International capital; Capital inflows; Short-term external debt; Post- crisis period; Export growth; Infrastructure investment; Future; Global economy; Trading; Government capacity; Market countries; Transparency; Bond issuers; Political risk; Investment flows; Share of investment; Micro data; Bond issue; Expenditures; Foreign exchange risk; Bureaucratic quality; Public spending; Tax codes; Positive debt; Private bonds; Capital flows; Oil price; Tax; Currency depreciation; Equity flows; Monetary policy

Language

English

Type

Series; Text; Publications & Research :: Newsletter

In AGRIS since: 2016-03-15

Format: AGRIS AP

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Africa's Pulse, October 2015

2015

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