Assessing Regional Integration in Africa 2008

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Assessing Regional Integration in Africa 2008: Towards Monetary and Financial Integration in Africa

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In Paperback Format
Assessing Regional Integration in Africa 2008: Towards Monetary and Financial Integration in Africa

£37.00
ISBN
9789211251098
Published by
United Nations Economic Commission for Africa
Publication Date
January 2009
Publisher's Ref
08.II.K.4
Format
Paperback
Extent
310 pages
Dimensions
210 x 292 mm

This report finds that although there are some successes, African countries are still experiencing enormous difficulties in achieving the macroeconomic convergence criteria set by their RECs, such as targets on inflation, debt-to-GDP ratio, and deficit-to-GDP ratio.

The assessment also indicates that despite some financial developments, African financial market activities remain shallow, with capital markets characterized by low capitalization and liquidity.

The report also provides policymakers with recommendations on how to deepen monetary and financial integration on the continent and create an enabling macroeconomic environment for the continent.


 


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