Recent research activities of the International Water Management Institute on water and food security have led to the development of a user-friendly simulation model, Podium, to test national policy options on water allocation to different uses. This article presents an application of the model...

This paper examines the implications of capital flight and tax havens for economic development in African economies. Specifically, it investigates the impact of capital flight on domestic investment and the opportunity costs of capital flight in terms of forgone growth. First, econometric...

This study investigates the performance of the financial system in Burundi in mobilizing and allocating resources. Although the study does not presume that finance is the most binding constraint to growth and socio-economic development in Burundi, it takes the view that unlocking the financing...

This paper examines the question of whether inflation-targeting monetary policy is an appropriate framework for Sub-Saharan African countries. The paper presents an overview of inflation targeting, reviews the justification for the regime and summarises some major critiques. Monetary policy...

The people of South Africa, and the African National Congress-led government, have made extraordinary social and economic advances since ending apartheid and beginning the transition to democracy in 1994. But the country still faces severe problems of mass unemployment, underemployment and...