Mozambique is an economic success story in sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of special interest to other sub-Saharan countries are the book's discussions of Mozambique's progress toward consolidating macroeconomic and financial stability, and the challenges it faces in ensuring long-term sustainability, creating a virtuous cycle of natural resource use, and implementing second-generation structural reforms to sustain its growth. This book also provides a summary of the most recent research on issues related to post-stabilization economics in SSA.Lessons from Mozambique Shanaka J. Peiris, Mr. Jean A. P. ClAcment. Monetary. Policy. Rules. in. a. Shock-Prone. Economy. Having used the estimated model to analyze the optimal response to aid shocks, we now turn to the analysis ofanbsp;...
|Title||:||Post-Stabilization Economics in Sub-Saharan Africa|
|Author||:||Shanaka J. Peiris, Mr. Jean A. P. Clément|
|Publisher||:||International Monetary Fund - 2008-05-01|