Over the past few years, Completion Point countries under the Highly Indebted Poor Country (HIPC) Initiative across Sub-Saharan Africa have enjoyed significantly higher investments and growth rates, primarily fueled by the expanding fiscal space of the post-HIP C era. Despite these post-HIPC...

In spite of the similarities between Sub-Saharan Africa and the Arab Gulf Cooperation Council states, development policies in these two regions of the world have produced markedly divergent outcomes. The remarkable increase in personal income and large current account surpluses in Arab Gulf...

Sub-Saharan Africa's dismal development outcomes-growth collapse and declining real income-are often used to highlight its sharp development contrast with other regions of the developing world. Drawing on a large cross-section analysis, this paper shows that Africa’s underlying dismal growth...