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2. Africa's Third Liberation: The New Search for Prosperity and Jobs
- Author:
- Marian L. Tupy
- Publication Date:
- 10-2013
- Content Type:
- Journal Article
- Journal:
- The Cato Journal
- Institution:
- The Cato Institute
- Abstract:
- The new millennium has been good to Africa. Its economy grew at an average annual rate of 4.9 percent between 2000 and 2008. Then came the financial crisis and growth dipped to 2 percent. Since 2009, the International Monetary Fund estimates growth has averaged 5.4 percent. Between 2001 and 2010, six out of the ten fastest growing economies were in Africa. This trend, the Fund predicts, will continue.
- Topic:
- International Monetary Fund
- Political Geography:
- Africa
3. Leadership Selection at the International Financial Institutions
- Author:
- Jenny Ottenhoff
- Publication Date:
- 09-2011
- Content Type:
- Policy Brief
- Institution:
- Center for Global Development
- Abstract:
- The International Financial Institutions (IFIs) are multilateral agencies. The term typically refers to the International Monetary Fund (IMF), which provides financing and policy advice to member nations experiencing economic difficulties, and the multilateral development banks (MDBs), which provide financing and technical support for development projects and economic reform in low- and middle-income countries. The term MDB is usually understood to mean the World Bank and four smaller regional development banks: African Development Bank (AfDB). Asian Development Bank (ADB). European Bank for Reconstruction and Development (EBRD) Inter-American Development Bank (IDB).
- Topic:
- Development, Economics, International Monetary Fund, Foreign Aid, and World Bank
- Political Geography:
- Africa, America, Europe, and Asia
4. Billions More for International Institutions? The ABCs of the General Capital Increases (GCI)
- Author:
- Todd Moss, Sarah Jane Staats, and Julia Barmeier
- Publication Date:
- 06-2010
- Content Type:
- Policy Brief
- Institution:
- Center for Global Development
- Abstract:
- The international financial institutions dramatically increased their lending in 2008–09 to help developing countries cope with the global financial crisis and support economic recovery. Today, these organizations are seeking billions of dollars in new funding. The IMF, which only a few years ago was losing clients and shedding staff, expanded by $750 billion last year. The World Bank and the four regional development banks for Africa, Asia, Europe, and Latin America are asking to increase their capital base by 30 to 200 percent. A general capital increase (GCI) for these development banks is an unusual request. A simultaneous GCI request is a once-in-a-generation occurrence.
- Topic:
- International Relations, International Monetary Fund, Financial Crisis, and World Bank
- Political Geography:
- Africa, Europe, Asia, and Latin America
5. What Have IMF Programs With Low-Income Countries Assumed About Aid Flows?
- Author:
- David Goldsbrough and Ben Elberger
- Publication Date:
- 04-2007
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- This paper examines the nature of aid projections in IMF programs with low-income countries. On average, IMF projections of net aid increased sharply in the first year of programs but tapered off in subsequent years. Projections were also significantly more optimistic in countries with low initial levels of aid but differed little across regions. Most notably, projections of net aid to countries in Sub-Saharan Africa following the Gleneagles Summit are significantly more pessimistic than the path implied by commitments to double aid to Africa by 2010. This pattern is strong throughout the group with only two Sub-Saharan African countries showing increases in net aid consistent with the Gleneagles commitments.
- Topic:
- Development, Political Economy, Poverty, and International Monetary Fund
- Political Geography:
- Africa