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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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Madagascar

OECD Development Centre

THE INDIAN OCEAN ISLAND OFMADAGASCAR belongs to the low revenue group of countries. GDP progressed rapidly between 1997 and 2001, growing at an average 4.5 per cent following the launch of a rigorous stabilisation and structural adjustment programme in collaboration with the IMF and the World Bank. Because of the lack of appropriate redistribution measures, the consequences of this improvement have not always...

English

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