Foreign finance for private sector development (PSD) has become popular with the donor community and in multilateral development policy fora, seen as an antidote for recipient economies' aid dependency and a way of accomplishing growth, poverty reduction and empowerment. This book analyzes the...

The study investigates the effects of monetary growth; rates of depreciation of domestic currency in both the official and black markets; and foreign inflation rate on domestic (consumer price) inflation in Sub-Saharan Africa. The lags in the effects of these variables are also analysed....

This study investigates the initial and long-run effects of public investment expenditure on economic growth, especially as compared with private investment. Annual data over 1970-90 for 48 developing countries form the basis of the empirical analysis. Our findings suggest that infrastructural...

The study employs annual data over 1970-90, pooled across 38 African countries, to examine the effects of a wide range of macroeconomic policies, devaluation and fundamentals on real exchange rate behaviour. Our findings suggest that the following appreciate real exchange rate: fiscal deficits;...