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CPIA Africa, June 2013 : Assessing Africa's Policies and Institutions

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World Bank (WB)

Abstract: This report is the second in a series of annual reports describing the progress African countries are making on strengthening the quality of policies and institutions that underpin development. It presents Country Policy and Institutional Assessment (CPIA) scores for the 39 African countries that are eligible for support from the International Development Association (IDA). The development literature identifies the components of the CPIA as being broadly relevant for sustaining growth and reducing poverty. The data provide some support for this association. All country groups exhibit similar patterns across the four CPIA clusters. The gap in scores between the macroeconomic management cluster and the governance cluster is just as pronounced for fragile as for non-fragile states. In contrast, the gap between the economic management cluster and the social policies and structural policies clusters is small. Overall, the macroeconomic policy stance in Sub-Saharan Africa was supportive of growth, with monetary policy focused on managing inflation and fiscal policy focused on pro-poor spending and infrastructure development. Inflation declined in 2012, thanks to a moderation in food and fuel prices and prudent monetary policy. However, an expansive fiscal policy translated into a weakening of fiscal balances. Debt levels also edged up, although they remained moderate. As the policy areas in this cluster are closely related, there tends to be co-movement in the scores for monetary and fiscal policy.
Type: Economic & Sector Work :: Public Expenditure Review
Economic & Sector Work
Link: http://hdl.handle.net/10986/16504
Subject: ACCESS TO FINANCE
ACCESS TO INFORMATION
ACCESS TO SERVICE
ACCESS TO SERVICES
AIR POLLUTION
BANKING ASSETS
BANKING SECTOR
BANKING SECTOR ASSETS
BARRIERS TO WOMEN
BASIC EDUCATION
BASIS POINTS
BENEFICIARIES
BRANCH NETWORKS
BUDGET DEFICIT
BUDGET EXECUTION
BUDGET MANAGEMENT
BUDGETING
CAPITAL MARKETS
CAPITAL REQUIREMENT
CASH TRANSFERS
CENTRAL BANK
CHECKS
CLIMATE CHANGE
COMMERCIAL BANKS
CONTRACT RIGHTS
CORRUPTION
CPI
CREDIT EXPANSION
CREDIT INFORMATION
CREDITS
CRISES
CROWDING OUT
CURRENT ACCOUNT
DEBT
DEBT BURDENS
DEBT LEVELS
DEBT MANAGEMENT
DEBT POLICY
DEBT RELIEF
DECISION MAKING
DEPOSITS
DEVELOPING COUNTRY
DISABILITY PENSIONS
DISCRIMINATION
DIVERSIFICATION
DIVIDENDS
EARNINGS
ECONOMIC ACTIVITY
ECONOMIC CONDITIONS
ECONOMIC CRISIS
ECONOMIC GROWTH
ECONOMIC OPPORTUNITIES
ECONOMIC RESOURCES
EMPLOYMENT STATUS
ENABLING ENVIRONMENT
ENROLLMENT
ENVIRONMENTAL
ENVIRONMENTAL POLICIES
ENVIRONMENTAL SUSTAINABILITY
ENVIRONMENTS
EQUAL ACCESS
EQUITABLE ACCESS
EXCHANGE RATE
EXPENDITURES
FAMILIES
FINANCIAL CAPITAL
FINANCIAL INFRASTRUCTURE
FINANCIAL INTERMEDIATION
FINANCIAL MANAGEMENT
FINANCIAL MARKETS
FINANCIAL RESOURCES
FINANCIAL STABILITY
FINANCIAL SYSTEMS
FISCAL BALANCE
FISCAL DEFICIT
FISCAL DISCIPLINE
FISCAL PERFORMANCE
FISCAL POLICY
FISH
FISHING
FOREIGN BANKS
FOREIGN EXCHANGE
FOREIGN EXCHANGE TRANSACTIONS
GENDER
GENDER EQUALITY
GENDER EQUITY
GENDER INEQUALITIES
GENDER ISSUES
GOVERNMENT DEBT
HEALTH SPENDING
HOLDING
HOUSEHOLDS
HUMAN CAPITAL
HUMAN CAPITAL DEVELOPMENT
HUMAN DEVELOPMENT
HUMAN RESOURCES
INCOME
INFLATION
INFLATIONARY PRESSURES
INFORMATION SYSTEMS
INFRASTRUCTURE DEVELOPMENT
INFRASTRUCTURE INVESTMENT
INSURANCE
INTEREST RATES
INTERNATIONAL BANKS
INTERNATIONAL DEVELOPMENT
INTERNATIONAL FINANCE
INTERNATIONAL INVESTMENTS
INVESTMENT CLIMATE
JUDICIAL SYSTEM
LABOR FORCE
LABOR FORCE PARTICIPATION
LABOR MARKET
LABOR POLICIES
LACK OF TRANSPARENCY
LEGAL FRAMEWORK
LEGAL RIGHTS
LICENSES
LIQUIDITY
LOCAL BANKS
MACROECONOMIC MANAGEMENT
MACROECONOMIC POLICIES
MACROECONOMIC POLICY
MACROECONOMIC STABILITY
MICROENTERPRISES
MICROFINANCE
MICROFINANCE INSTITUTIONS
MINIMUM CAPITAL REQUIREMENT
MONETARY POLICY
MONEY TRANSFERS
MORTALITY
NATIONAL DEBT
NATURAL RESOURCES
NONPERFORMING LOANS
NONTAX REVENUE
OIL
PAYMENT SYSTEM
PENSION
PENSION SYSTEMS
POLICY ENVIRONMENT
POLICY ENVIRONMENTS
POLICY MAKERS
POLICY RESPONSE
POLITICAL ECONOMY
PORTS
PRIVATE INVESTMENT
PRIVATE SECTOR
PRODUCTIVE RESOURCES
PRODUCTIVITY
PROPERTY RIGHTS
PROPERTY RIGHTS PROTECTION
PROVISIONS
PRUDENTIAL SUPERVISION
PUBLIC
PUBLIC BORROWING
PUBLIC DEBT
PUBLIC DEBT MANAGEMENT
PUBLIC EXPENDITURE
PUBLIC FINANCE
PUBLIC INVESTMENT
PUBLIC RESOURCES
PUBLIC SECTOR
PUBLIC SECTOR MANAGEMENT
PUBLIC SERVICE
PUBLIC SERVICE DELIVERY
PUBLIC SPENDING
PUBLIC WORKS
PUBLIC WORKS PROGRAMS
PURCHASING POWER
PURCHASING POWER PARITY
QUOTAS
REGULATORY FRAMEWORK
RENEWABLE RESOURCES
RESERVE
RESERVE REQUIREMENT
RESERVES
RESOURCE ALLOCATION
RESOURCE USE
REVENUE COLLECTION
REVENUE MANAGEMENT
RISK MANAGEMENT
RISK OF DEBT
RULE OF LAW
SAFETY
SAFETY NET
SAFETY NETS
SERVANTS
SOCIAL INCLUSION
START-UP
STATUTORY LAW
SUSTAINABLE GROWTH
TAX
TAX COLLECTIONS
TAX REVENUES
TRADE FACILITATION
TRADE REGIME
TRANSACTION
TRANSACTION COSTS
TRANSPARENCY
TREASURY
UNEMPLOYMENT
UNEMPLOYMENT INSURANCE
UNION
UNPAID FAMILY WORKERS
URBAN AREAS
VULNERABLE PEOPLE
WATER POLLUTION
WORKING CAPITAL




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