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"Could regional integration be a first step toward joining the global market? In a context where liberalizing trade has not produced the expected gains in developing countries and growth in global trade has not led to the expected economic growth, a…
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"Zambia is one of many developing countries struggling to create adequate employment opportunities for its people, especially in the formal economy. Unemployment is highest among youths (15–24 years old) and particularly affects those without ski…
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"The purpose of this policy brief is to inform businesses and banks and the State on the influence of bank credit on the performance of Chadian companies in the petroleum era. Specifically, it shows that bank credit is a lever for economic- (turnove…
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"This Policy & Practice Brief critically discusses the Common African Position (CAP) on the Post-2015 Development Agenda against lessons learnt from operationalisation of the MDGs, particularly in light of the fact that a truly humanist future is ne…
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In ‘Eurobonds: Weighing Risks against gains’ there has been recent media speculation about the government issuing another Eurobond – the third in two years. This has resulted in apprehensions in some quarters of the economy regarding the risks assoc…
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"The purpose of this assessment is to inform Botswana’s future social protection and labor strategy and policies and help to achieve the goals of Vision 2016. The assessment concentrates on social assistance programs as major reforms are already tak…
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"The Government of the Republic of Zambia, like many other governments in the world, significantly relies on tax revenue to finance both its key infrastructure development and social services. This study investigates the extent and causes of tax eva…
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This study analysed the relationship between public financial management systems and fiscal outcomes in Nigeria. The findings indicate that institutional factors such as corruption and literacy rate affect the institutional pillars of PFM in Nigeria…
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"Fitch, a renowned global credit rating agency and one of the top three statistical rating organizations in the world recently maintained Zambia’s sovereign credit risk rating of ‘B+’ at its second rating of the country’s sovereign risk that began i…
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"The important contribution made by MSMEs in the development of any economy cannot be overlooked. In Zambia, MSMEs contribute about 56% of the total number of jobs and account for over 80% of the number of businesses registered at the Patents and Co…
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The question of high interest rates in Ghana is examined in this paper. The author notes that high interest rates have not only kept the cost of credit unnecessarily high, but have also discouraged many otherwise viable projects from being implement…
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"Since its creation in 2005, the United Nations (UN) Peacebuilding Architecture (PBA) has scored some successes in terms of increasing opportunities for financing of peacebuilding efforts and working with governments in this area. However, the broad…
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"In recent times there has been debate on Zambia’s steadily growing external debt. This comes in the wake of debt relief efforts of the Highly Indebted Poor Country (HIPC) and Multilateral Debt Relief (MDR) initiatives which saw a reduction of the …
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Studies on inflation earlier in Uganda did not fully account for the potential role of supply side constraints in agriculture. This paper's purpose, therefore, is to estimate the determinants of inflation in Uganda. It highlights the possible feed…
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"In recent years, Zambia has been faced with the increased need to plug huge infrastructural gaps. However, the slowing down of bilateral and multilateral financing due to austerity measures in developed economies has made the country diversify it…
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This policy brief investigated into the progress and impact of the on-going public finance management reforms undertaken by the MFPED since 2012/13. These reforms include the implementation of the Treasury Single Account (TSA); upgrading the Integra…
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"The briefing identifies key areas for further improvement towards a more result oriented growth path, given the current budget propositions. The briefing recommends that to enhance delivery on outcomes for budget support, more effort and rigour sho…
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"This paper analyses Botswana’s efforts at implementing the IRBM system. IRBM is a way of reforming public sectors through helping governments focus on proper, well-timed achievement of relevant goals and objectives. Such reform is carried out throu…
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"During the past decades, many countries experienced considerable capital flight. Residents moved their wealth abroad, using different ways to accumulate foreign assets. Since the 1990s, several of these countries reformed their domestic financial m…
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This annual report covers research activities on Trade and International Economics; Macroeconomic Modeling and Forecasting; Microeconomics; Incomes, Welfare and Poverty; and Public Sector Reforms. It then lists publications produced and presents aud…
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