Economic Conditions

Download African Economic Outlook 2002 2003 by Organisation for Economic Co-Operation and Development PDF

By Organisation for Economic Co-Operation and Development

ISBN-10: 9264100032

ISBN-13: 9789264100039

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Source: Global Poverty Report (2002), Prepared by the ADB in collaboration with the World Bank and other MDBs. and the public sector; structural and market reorientation; macroeconomic policies; policies for growth with equity and for poverty reduction (Box 1). While each institution performs this assessment independently, recent analysis reveals a strong and positive correlation between the two assessments in all clusters, and in the overall ranking of countries. Using the ADB ratings, 22 African countries, classified as group A, had high assessments, indicating stronger policies and institutions to support development; 15 countries, classified in group B, were intermediate; and 15 countries, most experiencing political and economic instability, have yet to institute good policies and adequately functioning institutions and are classified in group C.

World Bank data show that as at end 2000, the most commonly used methods of privatisation in Africa were: competitive sales of shares (971), liquidation (676), and competitive sales of assets (536), and concession and lease contracts (142). Management/employee buyouts (36) and public flotation (104) are less preferred options, simply because Figure 9 - Privatisation Methods to End-2000 in Sub-Saharan Africa (number of transactions) Debt/Equity swaps 13 Trustees 19 Management/Employee buyouts 36 Joint ventures 37 Direct sale of assets 40 32 Restitution 51 Management contracts 57 Direct sale of shares 83 Public flotation 104 Concessions/Leases 142 Preemption rights 181 Competitive sale of assets 536 Liquidation 676 Competitive sale of shares 971 0 200 400 600 800 1000 1200 Source: World Bank African Development Indicators 2002.

The Fourth Stage begins when the Team’s report is submitted to the participating Heads of State and Government through the APRM Secretariat. The consideration and adoption of the final report by the participating Heads of State and Government, including their decision in this regard, marks the end of this stage. • If the Government of the country in question shows a demonstrable will to rectify the identified shortcomings, then it will be incumbent upon participating Governments to provide what assistance they can, as well as to urge donor governments and agencies also to come to the assistance of the country reviewed.

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