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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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Nigeria

OECD Development Centre

THE RETURN TO CIVILIAN RULE IN 1999 with the election of President Obasanjo has given rise to hopes that Nigeria will finally begin to fulfil its enormous economic potential. Until recently, the country had little to show for some $300 billion in oil revenues earned since independence. President Obasanjo’s ambitious economic reforms aim to combat entrenched corruption and reduce poverty while establishing macroeconomic stability. So far, however, little progress...

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