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African Economic Outlook 2005

image of African Economic Outlook 2005

The African Economic Outlook, a joint project of the African Development Bank and the OECD Development Centre, is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. 

The analysis is presented on a country-by-country basis using a unique analytical design.  This common framework includes a forecasting exercise for the current and the two following years using a simple macroeconomic model, together with an analysis of the social and political context.  It also contains a comparative synthesis of African country prospects, placing the evolution of African economies in the world economic context.  A statistical appendix completes the volume.

"OECD has prepared a thorough report on the economic situation in Africa."

-Julius Coles, President, Africare

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Botswana

OECD Development Centre

WITH A TRACK RECORD OF sound macroeconomic policies, good governance, reliable institutions and political stability, Botswana remains one of the topperforming economies in Africa. The country has managed its diamond wealth efficiently, in stark contrast to the widely cited cases of natural resource curse experienced by many developing countries. Botswana also has the reputation of being the least corrupt country in Africa and has the highest sovereign credit rating on the continent. These virtues, together with prudent...

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