The East African Community (EAC) economic integration has gained momentum recently, with the EAC countries officially aiming to adopt a single currency in the summer of 2012. This paper assesses empirically the readiness of the EAC countries for monetary union. First, structural similarity of...

Limited access of entrepreneurs to credit constrains the creation and growth of private firms. In Africa, access to credit is particularly limited for small and medium enterprises (SMEs) due to unclear property rights and the lack of assets that can be used as collateral. This paper presents a...

The objective of this paper is to discuss macroeconomic policies that would help African countries, especially the low income countries, reach strong, sustained and shared growth in the post-crisis world. The paper first reviews, with a special focus on LICs, macroeconomic policies in Africa...