CPIA Africa, June 2013 : Assessing Africa's Policies and Institutions

This report is the second in a series of annual reports describing the progress African countries are making on strengthening the quality of policies and institutions that underpin development. It presents Country Policy and Institutional Assessmen...

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Bibliographic Details
Main Author:	World Bank
Format:	Public Expenditure Review
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO FINANCE ACCESS TO INFORMATION ACCESS TO SERVICE ACCESS TO SERVICES AIR POLLUTION BANKING ASSETS BANKING SECTOR BANKING SECTOR ASSETS BARRIERS TO WOMEN BASIC EDUCATION BASIS POINTS BENEFICIARIES BRANCH NETWORKS BUDGET DEFICIT BUDGET EXECUTION BUDGET MANAGEMENT BUDGETING CAPITAL MARKETS CAPITAL REQUIREMENT CASH TRANSFERS CENTRAL BANK CHECKS CLIMATE CHANGE COMMERCIAL BANKS CONTRACT RIGHTS CORRUPTION CPI CREDIT EXPANSION CREDIT INFORMATION CREDITS CRISES CROWDING OUT CURRENT ACCOUNT DEBT DEBT BURDENS DEBT LEVELS DEBT MANAGEMENT DEBT POLICY DEBT RELIEF DECISION MAKING DEPOSITS DEVELOPING COUNTRY DISABILITY PENSIONS DISCRIMINATION DIVERSIFICATION DIVIDENDS EARNINGS ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC CRISIS ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC RESOURCES EMPLOYMENT STATUS ENABLING ENVIRONMENT ENROLLMENT ENVIRONMENTAL ENVIRONMENTAL POLICIES ENVIRONMENTAL SUSTAINABILITY ENVIRONMENTS EQUAL ACCESS EQUITABLE ACCESS EXCHANGE RATE EXPENDITURES FAMILIES FINANCIAL CAPITAL FINANCIAL INFRASTRUCTURE FINANCIAL INTERMEDIATION FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL STABILITY FINANCIAL SYSTEMS FISCAL BALANCE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL PERFORMANCE FISCAL POLICY FISH FISHING FOREIGN BANKS FOREIGN EXCHANGE FOREIGN EXCHANGE TRANSACTIONS GENDER GENDER EQUALITY GENDER EQUITY GENDER INEQUALITIES GENDER ISSUES GOVERNMENT DEBT HEALTH SPENDING HOLDING HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN DEVELOPMENT HUMAN RESOURCES INCOME INFLATION INFLATIONARY PRESSURES INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INSURANCE INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL DEVELOPMENT INTERNATIONAL FINANCE INTERNATIONAL INVESTMENTS INVESTMENT CLIMATE JUDICIAL SYSTEM LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR POLICIES LACK OF TRANSPARENCY LEGAL FRAMEWORK LEGAL RIGHTS LICENSES LIQUIDITY LOCAL BANKS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MICROENTERPRISES MICROFINANCE MICROFINANCE INSTITUTIONS MINIMUM CAPITAL REQUIREMENT MONETARY POLICY MONEY TRANSFERS MORTALITY NATIONAL DEBT NATURAL RESOURCES NONPERFORMING LOANS NONTAX REVENUE OIL PAYMENT SYSTEM PENSION PENSION SYSTEMS POLICY ENVIRONMENT POLICY ENVIRONMENTS POLICY MAKERS POLICY RESPONSE POLITICAL ECONOMY PORTS PRIVATE INVESTMENT PRIVATE SECTOR PRODUCTIVE RESOURCES PRODUCTIVITY PROPERTY RIGHTS PROPERTY RIGHTS PROTECTION PROVISIONS PRUDENTIAL SUPERVISION PUBLIC PUBLIC BORROWING PUBLIC DEBT PUBLIC DEBT MANAGEMENT PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SPENDING PUBLIC WORKS PUBLIC WORKS PROGRAMS PURCHASING POWER PURCHASING POWER PARITY QUOTAS REGULATORY FRAMEWORK RENEWABLE RESOURCES RESERVE RESERVE REQUIREMENT RESERVES RESOURCE ALLOCATION RESOURCE USE REVENUE COLLECTION REVENUE MANAGEMENT RISK MANAGEMENT RISK OF DEBT RULE OF LAW SAFETY SAFETY NET SAFETY NETS SERVANTS SOCIAL INCLUSION START-UP STATUTORY LAW SUSTAINABLE GROWTH TAX TAX COLLECTIONS TAX REVENUES TRADE FACILITATION TRADE REGIME TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY UNEMPLOYMENT UNEMPLOYMENT INSURANCE UNION UNPAID FAMILY WORKERS URBAN AREAS VULNERABLE PEOPLE WATER POLLUTION WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2013/06/17924678/africa-country-policy-institutional-assessment-cpia-assessing-africas-policies-institutions http://hdl.handle.net/10986/16504

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Summary:	This report is the second in a series of annual reports describing the progress African countries are making on strengthening the quality of policies and institutions that underpin development. It presents Country Policy and Institutional Assessment (CPIA) scores for the 39 African countries that are eligible for support from the International Development Association (IDA). The development literature identifies the components of the CPIA as being broadly relevant for sustaining growth and reducing poverty. The data provide some support for this association. All country groups exhibit similar patterns across the four CPIA clusters. The gap in scores between the macroeconomic management cluster and the governance cluster is just as pronounced for fragile as for non-fragile states. In contrast, the gap between the economic management cluster and the social policies and structural policies clusters is small. Overall, the macroeconomic policy stance in Sub-Saharan Africa was supportive of growth, with monetary policy focused on managing inflation and fiscal policy focused on pro-poor spending and infrastructure development. Inflation declined in 2012, thanks to a moderation in food and fuel prices and prudent monetary policy. However, an expansive fiscal policy translated into a weakening of fiscal balances. Debt levels also edged up, although they remained moderate. As the policy areas in this cluster are closely related, there tends to be co-movement in the scores for monetary and fiscal policy.

CPIA Africa, June 2013 : Assessing Africa's Policies and Institutions

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