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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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Congo Republic

OECD Development Centre

CONGO SUFFERED ENORMOUS DAMAGE during successive civil wars (especially between 1993 and 1999) but the oil sector, mainly-offshore, was spared. The fighting greatly increased poverty and the government became heavily indebted, in particular by mortgaging its oil resources. Since the end of the war in 1999 and elections in 2002, the economy has experienced a solid revival and growth should accelerate...

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