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The regional strategy has helped stabilize the regional economic position thanks to large fiscal consolidation efforts, a tighter monetary policy, and external financial assistance. The external position improved, and external reserves picked up. However, the region remains dependent on oil...
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Rwanda has made considerable progress in sustaining high and inclusive growth and reducing poverty. Despite numerous shocks, macroeconomic management has been strong and debt risks have remained low. Going forward, the authorities' National Strategy for Transformation (NST) aims to make progress...
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. While fiscal deficits have been the main driver of public debt across WAEMU member countries, the size of residual factors … more effectively set the region's public debt on a sustainable path. In addition, beyond adhering to the WAEMU fiscal … practices would also help eliminate the recourse to pre-financing arrangements and tighten control over expenditure. Public …
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innovation capacity. On the expenditure side, economic activity is expected to be spurred in the near term by public spending on … and set public debt firmly on a declining path into the medium term …
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