By Kapil Kapoor, World Bank

ISBN-10: 0821332988

ISBN-13: 9780821332986

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Additional info for Africa's experience with structural adjustment: proceedings of the Harare seminar, May 23-24, 1994, Parts 63-288

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Cordukes No. 251 Supply and Demand for Finance of Small Enterprises in Ghana. Ernest Aryeetey, Amoah Baah-Nuakoh, Tamara Duggleby, Hemamala Hettige, and William F. Steel No. 252 Projectizing the Governance Approach to Civil Service Reform: An Environment Assessment for Preparing a Sectoral Adjustment Loan in the Gambia. Rogerio F. Pinto with assistance from Angelous J. Mrope No. 253 Small Firms Informally Financed: Studies from Bangladesh. Edited by Reazul Islam, J. D. Von Pischke, and J. M. W.

Policy reform is part of the answer, but investment in human capital and improved institutions are also essential. The Road Ahead The report's findings have several implications for the next stage in economic reform (Transparency 16). First, in areas where reform is essentially on track, further efforts are nonetheless needed. Getting the macro-economic policy fundamentals right is essential for accelerating growth, encouraging investment and raising savings rates, keeping budget deficits and inflation low, and increasing public sector savings.

The Road Ahead The report's findings have several implications for the next stage in economic reform (Transparency 16). First, in areas where reform is essentially on track, further efforts are nonetheless needed. Getting the macro-economic policy fundamentals right is essential for accelerating growth, encouraging investment and raising savings rates, keeping budget deficits and inflation low, and increasing public sector savings. For agriculture, countries should further liberalize marketing systems and restructure marketing boards to reduce the taxation of farmers.

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Africa's experience with structural adjustment: proceedings of the Harare seminar, May 23-24, 1994, Parts 63-288 by Kapil Kapoor, World Bank


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