Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa
This study reviews the Bank's experience with adjustment lending to Sub-Saharan Africa (SSA), from FY80 to FY96. During this period, a total of 163 adjustment operations, for $15 billion have been approved to 37 countries. Of these, a total of...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1995/02/1615058/adjustment-africa-update-reversing-economic-decline-sub-saharan-africa http://hdl.handle.net/10986/10002 |
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okr-10986-100022021-04-23T14:02:48Z Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa Jones, Christine W. AVAILABLE DATA ECONOMIC DECLINE ECONOMIC GROWTH ECONOMIC REFORM EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES FISCAL DEFICITS FISCAL POLICY GDP GROWTH RATE GROWTH RATE GROWTH RATES HIGH INFLATION HIGH RATES MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC REFORM MONETARY POLICIES MONETARY POLICY NATIONAL ACCOUNTS OVERVALUED EXCHANGE POLICY CHANGE POLICY CHANGES POLICY REFORM POLICY RESEARCH POLICY STANCE POVERTY ALLEVIATION QUANTITATIVE ANALYSIS REFORM PROGRAMS RELATIVE CONTRIBUTION SOCIAL POLICIES SUSTAINED GROWTH STRUCTURAL ADJUSTMENT POVERTY MITIGATION FISCAL ADMINISTRATION SOCIAL ADAPTATION SOCIAL IMPLICATIONS PERFORMANCE APPRAISAL PERFORMANCE STANDARDS PUBLIC EXPENDITURES EXTERNAL DEBT GROSS DOMESTIC PRODUCT INFLATION NATIONAL INCOME POLICY REFORM This study reviews the Bank's experience with adjustment lending to Sub-Saharan Africa (SSA), from FY80 to FY96. During this period, a total of 163 adjustment operations, for $15 billion have been approved to 37 countries. Of these, a total of 121 have already been evaluated at completion. The study is based on information from all the operations, both completed and ongoing. It focuses on the performance, outcomes, and impact at the country level. Performance is measured first in terms of compliance with conditionality in adjustment lending, and then an overall compliance rating is constructed for each country. The compliance rating is used to classify the countries into three groups: those with good, weak and poor compliance records. Design issues, most notably insufficient attention to borrower ownership, were already identified in the 1993 OED report on adjustment in SSA. The present study revisited and quantified the design issues identified in all of the 121 evaluations at completion. The detailed analysis of compliance with conditionality allows us to look at which types of policy reforms are more frequently included in adjustment operations, and which ones are more often complied with. The main recommendations emerging from the findings of this report are the need for: (i) increased selectivity in adjustment lending; (ii) improved design; and (iii) improved benchmarks and indicators of progress towards the goals of poverty alleviation and fiscal sustainability. 2012-08-13T10:06:27Z 2012-08-13T10:06:27Z 1995-02 http://documents.worldbank.org/curated/en/1995/02/1615058/adjustment-africa-update-reversing-economic-decline-sub-saharan-africa http://hdl.handle.net/10986/10002 English Africa Region Findings & Good Practice Infobriefs; No. 34 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AVAILABLE DATA ECONOMIC DECLINE ECONOMIC GROWTH ECONOMIC REFORM EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES FISCAL DEFICITS FISCAL POLICY GDP GROWTH RATE GROWTH RATE GROWTH RATES HIGH INFLATION HIGH RATES MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC REFORM MONETARY POLICIES MONETARY POLICY NATIONAL ACCOUNTS OVERVALUED EXCHANGE POLICY CHANGE POLICY CHANGES POLICY REFORM POLICY RESEARCH POLICY STANCE POVERTY ALLEVIATION QUANTITATIVE ANALYSIS REFORM PROGRAMS RELATIVE CONTRIBUTION SOCIAL POLICIES SUSTAINED GROWTH STRUCTURAL ADJUSTMENT POVERTY MITIGATION FISCAL ADMINISTRATION SOCIAL ADAPTATION SOCIAL IMPLICATIONS PERFORMANCE APPRAISAL PERFORMANCE STANDARDS PUBLIC EXPENDITURES EXTERNAL DEBT GROSS DOMESTIC PRODUCT INFLATION NATIONAL INCOME POLICY REFORM |
| spellingShingle |
AVAILABLE DATA ECONOMIC DECLINE ECONOMIC GROWTH ECONOMIC REFORM EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES FISCAL DEFICITS FISCAL POLICY GDP GROWTH RATE GROWTH RATE GROWTH RATES HIGH INFLATION HIGH RATES MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC REFORM MONETARY POLICIES MONETARY POLICY NATIONAL ACCOUNTS OVERVALUED EXCHANGE POLICY CHANGE POLICY CHANGES POLICY REFORM POLICY RESEARCH POLICY STANCE POVERTY ALLEVIATION QUANTITATIVE ANALYSIS REFORM PROGRAMS RELATIVE CONTRIBUTION SOCIAL POLICIES SUSTAINED GROWTH STRUCTURAL ADJUSTMENT POVERTY MITIGATION FISCAL ADMINISTRATION SOCIAL ADAPTATION SOCIAL IMPLICATIONS PERFORMANCE APPRAISAL PERFORMANCE STANDARDS PUBLIC EXPENDITURES EXTERNAL DEBT GROSS DOMESTIC PRODUCT INFLATION NATIONAL INCOME POLICY REFORM Jones, Christine W. Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa |
| geographic_facet |
Africa |
| relation |
Africa Region Findings & Good Practice Infobriefs; No. 34 |
| description |
This study reviews the Bank's
experience with adjustment lending to Sub-Saharan Africa
(SSA), from FY80 to FY96. During this period, a total of 163
adjustment operations, for $15 billion have been approved to
37 countries. Of these, a total of 121 have already been
evaluated at completion. The study is based on information
from all the operations, both completed and ongoing. It
focuses on the performance, outcomes, and impact at the
country level. Performance is measured first in terms of
compliance with conditionality in adjustment lending, and
then an overall compliance rating is constructed for each
country. The compliance rating is used to classify the
countries into three groups: those with good, weak and poor
compliance records. Design issues, most notably insufficient
attention to borrower ownership, were already identified in
the 1993 OED report on adjustment in SSA. The present study
revisited and quantified the design issues identified in all
of the 121 evaluations at completion. The detailed analysis
of compliance with conditionality allows us to look at which
types of policy reforms are more frequently included in
adjustment operations, and which ones are more often
complied with. The main recommendations emerging from the
findings of this report are the need for: (i) increased
selectivity in adjustment lending; (ii) improved design; and
(iii) improved benchmarks and indicators of progress towards
the goals of poverty alleviation and fiscal sustainability. |
| format |
Publications & Research :: Brief |
| author |
Jones, Christine W. |
| author_facet |
Jones, Christine W. |
| author_sort |
Jones, Christine W. |
| title |
Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa |
| title_short |
Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa |
| title_full |
Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa |
| title_fullStr |
Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa |
| title_full_unstemmed |
Adjustment in Africa : Update on Reversing Economic Decline in Sub-Saharan Africa |
| title_sort |
adjustment in africa : update on reversing economic decline in sub-saharan africa |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/1995/02/1615058/adjustment-africa-update-reversing-economic-decline-sub-saharan-africa http://hdl.handle.net/10986/10002 |
| _version_ |
1764411443738836992 |