MULTIMOD Mark III

by International Monetary Fund

Published 30 November 1999
Dated May 1998. MULTIMOD = IMF's MULTIregion macroeconometric MODel


Yemen in the 1990s

by K. Enders and etc.

Published 30 May 2002
The 1990s was one of the most dramatic periods in Yemen's history, including unification and the rapid development of an oil sector. This paper summarises economic developments in Yemen during this decade and considers the many structural changes in the country's economy. It identifies reforms that are needed if Yemen is to achieve sustainable growth, to reduce rampant poverty, and to manage the highly volatile economic rents from its oil wealth.



Exit Strategies

by International Monetary Fund

Published 30 November 1999

Dated April 1998

During the past two decades, sub-Saharan Africa has lagged behind other developing regions in economic performance. However, the important overall indicators have masked wide differences among sub-groups of countries in the region. The adjustment experience of sub-Saharan Africa has demonstrated that to achieve gains in real per capita GDP, expansion in private saving and investment is the key. Accordingly, public policies need to be aimed at creating environment conducive to private sector development. The four papers presented in this publication examine the question of to what extent changes in public policies can effectively stimulate private saving and investment.






Dated March 1998

In April 2000 six West African countries declared their intention to proceed to monetary union among the non-CFA franc countries of the region by January 2003, as a first step toward a wider monetary union including all the ECOWAS countries in 2004. The purpose of this paper is to evaluate whether a monetary union makes economic sense, to discuss the institutional requirements for successful monetary union and to consider how best the political momentum for a union can be channeled toward a fundamental improvement in underlying policies.



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