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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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Kenya

OECD Development Centre

SINCE 2003, KENYA HAS MADE significant progress in reversing its poor economic performance of the preceding decade. Following a protracted recession, a modest rebound in economic activity has got underway: fiscal performance has strengthened under the IMFsupported programme approved in November 2003, and some steps have been taken towards improving governance. In the political sphere, progress has been made towards reaching a broad consensus on the...

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