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Working Paper 117 - Supporting Africa's Post-Crisis Growth: The Role of Macroeconomic Policies
In the aftermath of the global financial and economic crisis, African policy makers have been rethinking their economic strategies for the next decade1 . Given the large share of low-income countries (LICs) on the continent, poverty reduction still tops the policy agenda. At the same time, Africa’s high pre-crisis growth and a quick rebound from the crisis have highlighted the continent’s vast and so far mostly untapped economic potential. The key question then is how to turn Africa’s potential into substantial and tangible improvements in people’s living standards.