We assess the prospects for growth of African economies up to the year 2010 by modelling structural and policy determinants of growth, under different scenarios for changes in the exogenous factors and economic policies which shape the projections. To this end we estimate a growth model for 39...

Résumé : cet article tente de concilier deux courants de la littérature, l’un qui montre l’effet favorable du développement financier sur la croissance économique, l’autre l’effet défavorable des crises financières. L’hypothèse centrale est que l’instabilité du...

This paper considers why and how the Performance Based Allocation (PBA) used in multilateral development banks and in particular at IDA, could be improved by taking the structural handicaps of eligible countries into account. The PBA relies on a debatable definition of performance. It does not...

This paper considers why and how the Performance Based Allocation (PBA) used in multilateral development banks and in particular at IDA, could be improved by taking the structural handicaps of eligible countries into account. The PBA relies on a debatable definition of performance. It does not...

Most studies dedicated to Chinese inflation during the transition towards a market economy stressed the impact of monetary policy, through the effects of banking decentralisation on credit allocation between state and non state sectors. This papers aims at showing that exchange rate policy...

In spite of fifty years of presenting regional integration as a key element for Africa?s development, its progress remains stunted by several factors among which the insufficient funding dedicated to integration projects. For increasing this funding and its effectiveness, we need equitable...

Il existe un besoin majeur et amplement reconnu d’intégration régionale en Afrique. Répondre à ce besoin est pour la Banque africaine de développement un objectif prioritaire. Bien que des progrès substantiels aient été accomplis dans le soutien à l’intégration régionale, un...

There is a major need of regional integration in Africa, largely recognized by the African countries themselves and the international community as well. Meeting this need is a priority for the ADB. Although significant progress has been made by the ADB to support regional integration in FAD...

Tous les pays n’ont pas la même capacité à utiliser efficacement l’aide pour promouvoir leur développement. Dans le contexte de diminution de l’aide au développement des années quatre-vingt-dix, il était normal que la question de l’efficacité de l’aide et partant de son...