CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions
Favorable global economic conditions supported a turnaround in economic activity in Sub-Saharan Africa in 2017, easing pressure on weak policy frameworks. Output growth rebounded to an estimated 2.6 percent after decelerating to 1.5 percent in 2016...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/850151531856335222/Assessing-Africas-policies-and-institutions-2017-CPIA-results-for-Africa http://hdl.handle.net/10986/30155 |
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okr-10986-301552021-05-25T09:16:35Z CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions World Bank Group INVESTMENT CLIMATE DEBT MANAGEMENT FISCAL POLICY PUBLIC SECTOR MANAGEMENT BUSINESS ENVIRONMENT RULE OF LAW HEALTH CARE SERVICES EXTREME POVERTY EDUCATION QUALITY ENVIRONMENTAL POLICY GOVERNMENT EFFECTIVENESS EMPOWERMENT TRADE POLICY INSTITUTIONAL CAPACITY INSTITUTIONS Favorable global economic conditions supported a turnaround in economic activity in Sub-Saharan Africa in 2017, easing pressure on weak policy frameworks. Output growth rebounded to an estimated 2.6 percent after decelerating to 1.5 percent in 2016 amid challenging external and domestic conditions. Notwithstanding the recent upturn in economic activity, growth remained well below its pre–financial crisis average of around 5 percent; moreover, per capita growth was negative for a second consecutive year. Important near and longer term vulnerabilities remain in many of the region's economies: eroded policy buffers constrain the scope for countries to formulate an adequate policy response to adverse shocks; public debt relative to gross domestic product (GDP) is rising, with implications for debt sustainability; employment opportunities severely lag the growing labor force, and livelihoods and economic fortunes are still tied to commodity price shocks and production disruptions, underscoring the limited economic diversification in the region; and poverty is widespread. 2018-08-08T16:01:57Z 2018-08-08T16:01:57Z 2018-07 Report http://documents.worldbank.org/curated/en/850151531856335222/Assessing-Africas-policies-and-institutions-2017-CPIA-results-for-Africa http://hdl.handle.net/10986/30155 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Institutional and Governance Review Economic & Sector Work Africa Sub-Saharan Africa |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
INVESTMENT CLIMATE DEBT MANAGEMENT FISCAL POLICY PUBLIC SECTOR MANAGEMENT BUSINESS ENVIRONMENT RULE OF LAW HEALTH CARE SERVICES EXTREME POVERTY EDUCATION QUALITY ENVIRONMENTAL POLICY GOVERNMENT EFFECTIVENESS EMPOWERMENT TRADE POLICY INSTITUTIONAL CAPACITY INSTITUTIONS |
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INVESTMENT CLIMATE DEBT MANAGEMENT FISCAL POLICY PUBLIC SECTOR MANAGEMENT BUSINESS ENVIRONMENT RULE OF LAW HEALTH CARE SERVICES EXTREME POVERTY EDUCATION QUALITY ENVIRONMENTAL POLICY GOVERNMENT EFFECTIVENESS EMPOWERMENT TRADE POLICY INSTITUTIONAL CAPACITY INSTITUTIONS World Bank Group CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions |
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Africa Sub-Saharan Africa |
| description |
Favorable global economic conditions
supported a turnaround in economic activity in Sub-Saharan
Africa in 2017, easing pressure on weak policy frameworks.
Output growth rebounded to an estimated 2.6 percent after
decelerating to 1.5 percent in 2016 amid challenging
external and domestic conditions. Notwithstanding the recent
upturn in economic activity, growth remained well below its
pre–financial crisis average of around 5 percent; moreover,
per capita growth was negative for a second consecutive
year. Important near and longer term vulnerabilities remain
in many of the region's economies: eroded policy
buffers constrain the scope for countries to formulate an
adequate policy response to adverse shocks; public debt
relative to gross domestic product (GDP) is rising, with
implications for debt sustainability; employment
opportunities severely lag the growing labor force, and
livelihoods and economic fortunes are still tied to
commodity price shocks and production disruptions,
underscoring the limited economic diversification in the
region; and poverty is widespread. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions |
| title_short |
CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions |
| title_full |
CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions |
| title_fullStr |
CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions |
| title_full_unstemmed |
CPIA Africa, July 2018 : Assessing Africa's Policies and Institutions |
| title_sort |
cpia africa, july 2018 : assessing africa's policies and institutions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/850151531856335222/Assessing-Africas-policies-and-institutions-2017-CPIA-results-for-Africa http://hdl.handle.net/10986/30155 |
| _version_ |
1764471322636713984 |