Economic policy making in sub-Saharan Africa and IMF involvement

Fasano-Filho, Ugo

doi:10.1016/s1062-9769(96)90012-5

Cited by 3 publications

(3 citation statements)

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“…Historically, in 1945, Ethiopia marked the region’s first membership, and most nations joined in the early 1960s. In the 1970s, SSA countries faced economic challenges due to internal and external shocks, leading them to seek IMF assistance [ 13 , 14 ]. In the 1980s, several SSA nations turned to the IMF for funding through structural adjustment programmes to address economic recessions.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In the 1980s, several SSA nations turned to the IMF for funding through structural adjustment programmes to address economic recessions. Subsequently, SSA nations sought support through poverty reduction strategy programs, revealing the IMF’s influence on healthcare in Ghana, Uganda, and Tanzania and, in the case of Zimbabwe in 1990, seeking IMF support under global scrutiny [ 13 , 15 , 16 ]. This climaxes the ongoing difficulties in the IMF and SSA relationship, demanding a nuanced understanding and frequent assessment of the fund’s role in fostering sustainable economic development in the region.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This implies that debt levels held by SSA countries need better management, and policies need implementation to control their excessive debt levels. Moreover, the debt repayment of SSA countries was financed by the structural adjustment facility established to fund low-income developing countries [ 13 ]. Selecting SSA for this study is a prudent choice as it is positioned prominently on the IMF commitment list due to its high indebtedness, and its repeated reliance on loans makes it a compelling subject for analysing the country’s economic conditions and policy implications.…”

Section: Introductionmentioning

confidence: 99%

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Factors influencing IMF assistance in the Sub-Saharan African region

Abeywickrama,

Perera,

Samarathunga

et al. 2024

PLoS ONE

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This study examines the determinants influencing the likelihood of Sub-Saharan African (SSA) countries seeking assistance from the International Monetary Fund (IMF). The IMF, as a global institution, aims to promote sustainable growth and prosperity among its member countries by supporting economic strategies that foster financial stability and collaboration in monetary affairs. Utilising panel-probit regression, this study analyses data from thirty-nine SSA countries spanning from 2000 to 2022, focusing on twelve factors: Current Account Balance (CAB), inflation, corruption, General Government Net Lending and Borrowing (GGNLB), General Government Gross Debt (GGGD), Gross Domestic Product Growth (GDPG), United Nations Security Council (UNSC) involvement, regime types (Closed Autocracy, Electoral Democracy, Electoral Autocracy, Liberal Democracy) and China Loan. The results indicate that corruption and GDP growth rate have the most significant influence on the likelihood of SSA countries seeking IMF assistance. Conversely, factors such as CAB, UNSC involvement, LD and inflation show inconsequential effects. Notable, countries like Sudan, Burundi, and Guinea consistently rank high in seeking IMF assistance over various time frames within the observed period. Sudan emerges with a probability of more than 44% in seeking IMF assistance, holding the highest ranking. Study emphasises the importance of understanding SSA region rankings and the variability of variables for policymakers, investors, and international organisations to effectively address economic challenges and provide financial assistance.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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