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close this bookPrivate Sector Development in Low-Income Countries - Development in Practice (WB, 1996, 188 p.)
close this folderChapter 4-Building robust financial systems— difficult but pressing
View the document(introduction...)
View the documentWhat went wrong?
View the documentWhat has been done?
View the documentWhat remains to be done?
View the documentThe path for reform

The path for reform

Building a robust and competitive financial system is difficult under the best of circumstances. It is particularly difficult and time-consuming when reforming public enterprises and building institutional and regulatory capacity is required not only in the banking system, but also in the legal system. Successful financial reform requires measures on the following fronts:

· Stopping the hemorrhaging of nonperforming enterprises, a major cause of the fiscal deficit and a good part of the assets of the banking system. To the extent possible, these enterprises must be privatized or liquidated (see chapter 3).

· Privatizing the banks themselves and allowing new entry to create a competitive banking system. This is best done as part of an overall program to liberalize the economy.

· Building the financial infrastructure, notably a well-functioning payment and settlement system, prudential regulations and supervision, and the legal infrastructure that allows both borrowers and lenders to enter into flexible and secure transactions that are quickly and efficiently enforced.

· Undertaking a major training program to upgrade skills at all levels in all areas (managers, loan officers, accountants, financial specialists, economists, lawyers, management information specialists, and so on).

The path for reform will vary from country to country, depending on the condition of the banks and the overall market structure, the development of the private sector, the legal framework and institutional capabilities, and the political environment.

Often the most difficult aspect is to cut credit to unviable enterprises and to restructure, liquidate' or privatize the banks. The underlying problem is partly technical but mainly political. The commitment must come from within the country itself.

Until governments generate the consensus for the reform, donors should play a supporting role, not by funding cosmetic balance-sheet restructuring that removes the incentive for reform and aggravates the problem, but by concentrating on laying the groundwork for future reform. This includes backing small, well-designed technical assistance projects that strengthen the legal, accounting, and supervisory frameworks—and providing advice to the government and to key financial institutions.

TABLE A1.1 REAL GDP AND PER CAPITA REAL GDP GROWTH (average annual rates, in percent)


Real GDP growth

GDP growth

Per capita real


1981-93

1981-86

1987-93

1981-93

1981-86

1987-93

Low-income countries

5.2

5.4

5.1

3.1

3.3

3.1

Sub-Saharan Africa

1.8

1.6

2.2

-1.3

-1.5

-0.9

Reforming countries

2.5

0.1

4.5

-0.7

-2.9

1.3

Burundi

4.0

5.0

3.2

1.1

2.1

0.3

Gambia, The

3.8

4.6

3.1

0.1

0.7

-.5

Ghana

2.8

0.9

4.5

-0.4

-2.4

1.3

Guinea

3.8

..

3.8

0.8

..

0.8

Guinea-Bissau

4.5

4.7

4.4

2.4

3.0

2.0

Kenya

3.3

3.4

3.3

0.0

-0.3

0.2

Madagascar

0.2

-1.0

1.2

-2.7

-3.7

-1.8

Malawi

2.5

1.8

3.1

0.7

-1.4

-0.2

Mauritania

2.0

1.6

2.2

-0.5

-.6

-0.5

Mozambique

2.1

4.4

7.6

-0.5

- .8

4.9

Nigeria

2.0

-1.7

5.7

-1.2

-4.7

2.2

Sierra Leone

1.3

0.5

2.0

-1.1

-1.8

-0.6

Tanzania

3.5

1.6

5.5

0.5

-1.5

2.5

Uganda

3.5

-1.1

5.5

0.6

-3.1

2.2

Zambia

1.1

0.4

1.7

-2.1

-2.9

-1.4

Zimbabwe

2.7

3.9

1.7

-0.5

0.4

-1.3

Other African countries

1.1

3.0

-0.2

-1.9

-0.1

-3.2

Angola

-0.5

..

-1 .0

-3.3

..

-3.8

Benin

3.2

4.3

2.2

0.0

1.1

-0.9

Burkina Faso

3.5

4.8

2.4

0.8

2.2

-0.4

Cameroon

0.8

7.5

-5.0

-2.1

4.6

-7.7

Cape Verde

5.3

6.3

4.4

2.7

3.8

1.8

Central African Republic

0.8

2.2

-0.5

-1.8

-0.4

-3.1

Chad

5.0

7.0

3.4

2.5

4.5

0.8

Comoros

2.5

4.0

1.1

-1.1

0.4

-2.4

Congoa

4.2

7 8

1.2

1.0

4.6

-2.0

Cd'lvoire

0.2

1.0

-1.2

-3.9

-2.8

4.8

Djibouti

0.7

1.8

-0.2

4.7

-4.5

-4.9

Equatorial Guinea

4.5

..

4.5

2.1

..

2.1

Ethiopia

1.3

1.1

1.6

-1.3

-1.7

-0.9

Lesotho

4.3

1.6

6.7

1.5

-1.3

4.0

Liberia

-1.5

-1.6

..

4.2

4.5

..

Mali

2.9

2.7

3.0

0.3

0.4

0.2

Niger

-0.5

-1.4

0.2

-3.7

-4.7

-2.9

Rwanda

1.9

3.4

0.7

-1.0

0.4

-2 1

Sao Tome and Principe

0.1

-1.5

1.5

-2.0

-3.3

-1.0

Senegala

2.6

3.3

2.0

-0.3

0.4

-1.0

Somalia

2.0

2.9

0.7

-1.1

0.2

-2.4

Sudan

2.1

1.6

2.6

-0.6

-1. 1

-0.2

Togo

-0.8

0.2

-1.7

4.1

-2.8

-5.1

Zaire

-0 4

2.3

-2 7

-3.3

0.9

-5.4

East Asia and the Pacific

8.0

8.1

7.9

6.6

6.7

6.5

China

9.5

9 8

9.3

8.0

8.2

7.8

Other East Asia and the Pacific

4.1

1.8

6.2

2.2

0.7

3.7

Cambodia

6.4 .

6.4

3.0

..

3.0


Kiribati

0.7

0.7

0.7

-1.4

-1.5

-1.4

Lao PDR

4.9

5.0

4.9

2.0

2.1

2.0

Mongolia







Myanmar

2.2

3.9

0 7

0.0

1.7

-1.4

Solomon Islands

6.6

8.7

4.6

3.4

5.3

1.6

Tonga

1.9

3.7

1.0

2.3

3.7

1.5

Vanuatu

3.1

4.4

1.9

0.7

1.9

-0.4

Viet Nam

4.5

1.0

7.5

2.8

0.3

5.0

Western Samoa

-0.3

0.2

-0.8

-0.7

-0.02

-1.2

South Asia

5.2

5.4

5.0

2.9

3.1

2.8

India

5.1

5.3

5.0

3.0

3.1

2.9

Other South Asia

5.4

5.9

4.9

2.6

3.1

2.2

Afghanistan







Bangladesh

4.5

5.2

4.0

2.2

2.6

1.8

Bhutan

7.4

7.4

7.4

4.4

5.2

3.5

Maldives

7.8

..

8.8

4.7

..

5.4

Nepal

4.8

4.9

4.8

2.2

2.2

2.1

Pakistan

6.0

6.6

5.5

2.8

3.4

2.3

Sri Lanka

4.6

5.4

4.0

3.2

3.8

2.6

Latin America and the Caribbean

0.7

-0.3

1.6

-1.8

-2.8

-0.9

Bolivia

1.0

-1.8

3.5

-1.1

-3.7

1.1

Guyana

-0.8

-2.7

0.8

-1.3

-3.3

0.5

Haiti

-1.5

-0.7

-2.2

-3.3

-2.5

-4.1

Honduras

2.8

1.6

3.9

-0.4

-1.9

0.8

Nicaragua

-0.8

0.2

-1.5

-3.4

-2.6

-4.1

Middle East and North Africa







Egypt. Arab Rep.

4.1

6.3

2.1

1.6

3.6

-0.1

Yemen, Rep.







Eastern and Central Europe

-4.5

3.3

-10.7

-5.7

1.8

-11.8

Albania

-1.0

2.7

-4.1

-2.9

0.6

-5.8

Armenia

-3.4

5.2

-10.8

-4.8

3.6

-12.0

Georgia

-8.2

2.3

-17.3

-8.8

1.5

-17.6

Kyrgyz Republica

0.7

4.0

-2.2

-1.0

2.0

-3.7

Macedonia, FYRa







Tajikistan

-2.0

3.6

-6.9

-4.7

0.7

-9.4

a. Lower-middle-income economy but eligible for access to IDA resources.

Source. World Bank data.

TABLE A1.2 SECTORAL GROWTH RATES
(average annual rates, in percent)



Agriculture



1981-93

1981-86

1987-93

Low-income countries

3.9

4.5

3.3

Sub-Saharan Africa

1.9

1.7

1.8

Reforming countries

2.5

1.5

3.2

Burundi

2.7

4.1

1.5

Gambia, The

4.5

7.4

1.0

Ghana

0.9

-0.2

1.8

Guinea



3.1

Guinea-Bissau

6.9

8.3

5.8

Kenya

2.2

3.4

1.2

Madagascar

2.1

1.6

2.5

Malawi

3.8

1.6

5.8

Mauritania

2.6

3.0

2.3

Mozambique

2.6

1.8

3.4

Nigeria

2.5

1.2

3.9

Sierra Leone

2.6

1.9

3.4

Tanzania

4.1

3.5

4.8

Uganda

2.8

-1.3

4.5

Zambia

4.0

3.8

4.2

Zimbabwe

0.9

5.3

-3.6

Other African countries

1.3

2.1

0.3

Angola

-0.7

-0.4

-1.2

Benin

4.3

4.7

4.0

Burkina Faso

3.1

5.0

1.4

Cameroona

-0.8

3.6

-4.5

Cape Verde

5.5

4.3

6.6

Central African Republic

1.7

3.0

0.6

Chad

5.1

2.0

8.9

Comoros

2.9

4.1

1.9

Congoa

1.8

2.3

1.4

Cd'lvoire

0.0

-2.0

1.7

Djibouti


-3.4

-1.2

Equatorial Guinea



-0.7

Ethiopia

1.1

-1.8

3.5

Lesotho

0.3

0.03

-0.6

Liberia




Mali

3.4

3.0

3.8

Niger


3.4


Rwanda

0.2

0.2

0.1

Sao Tome and Principe

-0.2

-0.7

0.5

Senegala

2.1

4.1

0.4

Somalia

3.6

4.4

2.6

Sudan

1.2

4.7

-3.0

Togo

4.8

5.2

4.5

Zaire

2.3

2.5

2.0

East Asia and the Pacific

5.3

6.9

3.9

Cambodia



5.0

China

5.6

7.5

4.0

Kiribati




Lao PDR




Mongolia

1.0

3.8

-0.3

Myanmar

2.1

4.2

0.3

Solomon Islands




Tonga




Vanuatu

5.5

7.5

2.6

Viet Nam

4.4

3.1

4.7

Western Samoa




South Asia

3.3

2.8

3.6

Afghanistan




Bangladesh

2.9

3.9

2.0

Bhutan

4.2

6.0

2.7

India

3.2

2.3

3.9

Maldives




Nepal

4.3

5.2

3.6

Pakistan

4.4

5.3

3.6

Sri Lanka

2.6

4.2

1.3

Latin America and the Caribbean

1.4

1.1

1.6

Boliviaa

2.0

2.0

2.0

Guyana

1.3

0.7

1.9

Haiti




Honduras

3.0

1.5

4.2

Nicaragua

-0.4

-0.2

-0.6

Middle East and North Africa




Egypt, Arab Rep.

1.9

2.7

1.2

Yemen, Rep.




Eastern and Central Europe

0.8

1.5

0.0

Albania

0.3

2.7

-2.1

Armenia

-3.9

2.2

-11

Georgia

2.8

2.2

3.6

Kyrgyz Republica

2.4

0.6

5.1

Macedonia, FYRa




Tajikistan

-2.3

0.4

-5.2

a. Lower-middle-income economy but eligible for access to IDA resources.

Source. World Bank data.


Industry


Services


Population


1981-93

1981-86

1987-93

1981-93

1981-86

1987-93

1981-93

7.6

7.3

7.8

6.7

8.0

5.6

2.0

2.4

2.3

2.8

2.5

2.6

5.0

3.0

0.7

-3.0

4.3

3.4

1.7

5.0

3.0

4.4

5.7

3.3

5.4

7.0

4.0

2.9

4.2

5.2

2.8

4.1

4.1

4.2

3.8

2.4

-1.8

6.0

5.8

3.4

7.8

3.3



4.4



4.4

2.8

1.3

5.1

-2.0

3.1

0.9

5.0

2.0

3.3

3.0

3.5

4.0

3.8

4.1

3.3

- .6

-2.8

1.2

-0.2

-1.9

1.2

3.0

2.8

1.0

4.3

2.7

2.5

2.8

3.3

3.5

6.1

1.3

1.1

-1 .6

3.5

2.5

-3.6

-17.1

8.1

6.8

1.5

11.3

2.6

-0.2

-5.0

4.6

3.4

0.4

6.3

3.0

-1.6

4.5

1.9

3.1

2.9

3.3

2.5

1.8

-3.3

6.9

1.7

0.6

2.9

3.0

6.1

-3.8

10.3

4.3

0.4

6.0

2.7

1.6

0.0

2.9

0.4

0.3

0.4

3.2

0.8

-0.2

1.8

3.7

4.2

3.2

3.3

4.0

7.1

1.5

1.8

3.5

0.5

3.0

10.7

8.7

14.9

1.0

-0. 1

3.2

2.8

4.5

7.6

1.9

2.6

2.1

3.0

3.2

3.7

2.4

4.7

4.7

5.9

3.6

2.7

2.5

12.5

6.1

2.2

8.2

-2.9

2.9

6.0

7.1

4.9

6.1

7.2

5.0

2.6

1.4

0.5

2.2

-0.3

1.3

-1.7

2.7

8.7

16.0

'-0.1

8.3

10.9

5.0

2.5

2.0

2.9

1.2

2.4

4.1

1.0

3.7

6.1

8.3

4.2

5.3

10.8

0.6

3.2

2.3

6.6

-1.5

-0.4

1.7

-2.1

3.8


0.1

0.5


-2.5

-1.3

5.4



10.4



7.3

2.2

1.2

3.8

-1.0

2.0

3.6

0.6

3.0

9.9

3.8

15.2

3.5

2.3

4.5

2.7







1.7

4.6

7.2

2.3

0.3

-1.1

1.5

2.7


-3.0



-4.2


3.3

1.2

2.7

-0.2

4.7

13.0

-3.6

3.0

-0.5

-0.7

-0.2

-0.4

-0.7

0.2

2.2

2.8

2.1

3.5

2.9

3.8

2.0

3.0

0.0

2.7

-4. 1

0.0

-0.4

0.4

3.1

4.2

5.6

2.6

2.0

0.1

4.2

2.7

-2.5

-2.6

-2.4

-4.2

-1.0

-7.0

3.5

1.2

3.1

-1.6

1.3

1.8

0.6

3.3

11.5

10.1

12.8

10.1

12.2

8.3

1.5



8.2



7.0

3.1

1 1.6

10.2

12.8

10.4

12.5

8.5

1.4







2.1







2.8

0.4

5.4

-1.7

2.9

8.6

0.4

2.8

3.4

3.7

3.1

2.0

3.4

0.8

2.2







3.0

-0.4














12.6

9.9

14.7

3.6

5.5

0.9

2.6







2.2







0.4

5.9

6.4

5.5

6.1

6.6

5.8

2.2







2.5

5.1

3.9

6.2

6.1

7.5

5.0

2.3

14.2

15.3

13.4

7.0

6.7

7.4

2.1

5.9

6.6

5.3

6.1

6.3

6.0

2.1


3.3



















2.6

6.8

6.4

7.1

6.4

7.7

5.4

3.1

5.1

3.9

6.1

5.0

5.8

4.3

1.4

0.4

-1.8

3.1

1.0

0.6

1.4

2.3

-0 . 1

-5.9

6.9

0.6

-0. .5

2.0

2.2

-1.5

-6.5

2.7

-0.9

-1.8

-0.2

0.4







1.9

3.5

1.9

4.9

2.5

1.8

3.2

3.2

-1.7

1.1

-4.2

-0.4

0.3

-1.0

2.7







2.7

3.2

5.3

1.4

5.2

9.0

1.9

2.4







3.8

0.0

4.1

-4.8

0.3

3.6

-3.7

1.7

-6.1

3.0

-15.1

-0.5

2.5

-3.5

1.9

2.2

5.7

-2. 1

2.7

4.7

0.4

1.4

-3.0

3.3

-10.6

-3.5

1.5

-9.4

0.6

5.4

4.1

7.3

7.2

8.3

5.4

1.8








3.2

3.8

2.4

5.5

6.9

3.4

2.9

TABLE A1.3 SELECTED SOCIAL INDICATORS IN LOW-INCOME COUNTRIES


Percentage of age group enrolled in education


Primary


Secondary



1970

1990

1970

1990

Sub-Saharan Africa

46

60a

6

18

Angola

75

91

8

12

Benin

36

53a

5

11

Burkina Faso

13

29a

1

8

Burundi

30

50a

2

6

Cameroonb

89

76a

7

28

Cape Verde

66

95a

16


Central African Republic

64

56a

4

12

Chad

35

38a

2

7

Comoros

34

75

3

18

Congob





Cote d'Ivoire

58

52a

9

22

Djibouti


37a

12


Equatorial Guinea

76


16


Ethiopia

16

28a

4

12

Gambia, The

24

54a

7

18

Ghana

64

77

14

38

Guinea

33

26a

13

9

Guinea-Bissau

39

45a

8

7

Kenya

58

95

9

29

Lesotho

87

70a

7

26

Liberia

56


10


Madagascar

90

64a

12

18

Malawi

50a

4



Mali

22

19a

5

7

Mauritania

14

51

2

16

Mozambique

47

45a

5

8

Niger

14

25a

1

7

Nigeria

37

72

4

20

Rwanda

68

67a

2

8

Sao Tome and Principe





Senegalb

41

48a

10

16

Sierra Leone

34

48

8

16

Somalia

11


5


Sudan

38

50

7

22

Tanzania

34

51a

3

5

Togo

71

75a

7

23

Uganda

38

80

4

14

Zaire

88

58a

9

24

Zambia

90

82a

13

20

Zimbabwe

74

116

7

50

East Asia and the Pacific

88

97

24

47

Cambodia

30


8


China

89

98a

24

48

Kiribati





Lao PDR

53

59a

3

22

Mongolia

113

98

87

86

Myanmar

83

97

21

24

Solomon Islands





Tonga





Vanuatu





Viet Nam


103


33

Western Samoa





South Asia

67

88

25

39

Afghanistan

28

24

7

9

Bangladesh

54

69a


19

Bhutan

6

25

1

5

India

73

99

26

44

Maldives





Nepal

26

61

10

30

Pakistan

40

42

13

21

Sri Lanka

99

107

47

74

Latin America and the Caribbean

81

69

22

32

Boliviaa

76

82a

24

34

Guyana

98

112

55

58

Haiti


26a


22

Honduras

87

93a

14

31

Nicaragua

80

76a

18

40

Middle East and





North Africa

64

97

30

71

Egypt, Arab Rep.

72

101

35

81

Yemen, Rep.

22

79

3

23

Middle-income





Sub-Saharan Africa

83

70

17

36

Botswana

65

96a

7

43

Gabon

85


8


Mauritius

94

92a

30

53

Namibia


81a


41

Seychelles





Swaziland

87

85a

18

47

Middle-income East Asia and Pacific (high performing)

85

98

21

49

Indonesia

80

98a

16

45

Korea, Rep.

103

100a

42

87

Malaysia

87

93

34

56

Thailand

83

99

17

33

a. Net enrollment ratio.

b. Lower-middle-income economy but eligible for access to IDA resources.

Source: World Bank data.

Adult literacy (percent)

Life expectancy at birth (years)

Infant mortality rate (per 1,000 live births)

Percentage of population with access to sanitation

Female

Male






1992

1992

1970

1992

1970

1992

1985-9

40

63

43

51

144

100

31

29

57

37

46

178

124

18

17

35

44

51

155

110

42

10

31

40

48

178

132

12

42

63

44

48

138

106

48

45

70

45

56

126

61

78



57

68

86

40

17

26

55

42

47

139

105

21

20

46

38

47

171

122




47

56

140

89

83

45

72

46

51

126

114


41

69

44

56

135

91

35



40

49

159

115

59

38

66

40

48

165

117

37



43

49

158

122

16

18

43

36

45

185

132

44

54

74

49

56

111

81

42

15

39

37

44

181

133

24

25

53

35

39

185

140

25

60

82

50

59

102

66

43



50

60

134

46

25

31

53

46

53

178

142

15

74

90

45

51

181

93

5



40

44

193

134


27

46

38

48

204

130

23

22

48

39

48

165

117

23

21

46

39

44

156

162

24

18

44

38

46

170

123

10

41

63

41

52

139

84

15

39

67

44

46

142

117

58




68


65


26

55

43

49

135

68

54

12

35

34

43

197

143

62

16

41

40

49

158

132

17

13

45

42

52

149

99

70



46

51

132

92

66

33

59

44

55

134

85

21

37

65

50

43

109

122

31

63

86

45

52

128

91

25

67

83

46

48

106

107

43

61

76

51

60

96

47

42

69

92

61

69

72

33

90

24

52


58

105

60

15

68

92

62

69

69

31

97



42

51

161

116




40

51

146

97

24



51

60

121

72

73

72

90

53

64

102

60

36




62


44





68


21





63


45

46

84

93

55

67

104

36

18




66


25


33

61

49

60

138

83

18

15

48

37

43

198

162


23

49

45

55

140

91

32

26

55

40

48

182

129

9

35

64

49

61

137

79

15



51

62

119

55

28

14

39

42

54

157

99

8

22

49

48

59

142

95

24

85

94

65

72

53

18

60

65

76

50

61

131

72

45

72

86

46

60

153

82

35

96

99

60

65

80

48

90

49

61

48

55

141

93

27

73

78

53

66

110

49

67

54

67

106

56

52



34

64

50

60

161

66

54

35

66

51

62

158

57

51

28

56

42

53

175

106

68

38

49

51

62

106

59

37

66

85

50

68

101

35

42

50

76

44

54

138

94


75

85

62

70

60

18

98



48

59

118

57

15




71


16

65



46

57

145

108

40

82

93

52

64

95

48

61

77

91

47

60

118

66

44

95

99

60

71

51

13

100

72

89

62

71

45

14

94

92

96

58

69

73

26

74

TABLE A1.4 GROSS DOMESTIC INVESTMENT AND GROSS DOMESTIC SAVINGS
(percentage of GDP)


Gross domestic investment

Crossdomestic savings


1981-93

1981-86

1987-93

1981-93

1981-86

1987-93

Low-income countries

25.9

24.1

27.3

21.2

20.5

23.2

Sub-Saharan Africa

16.3

16.6

16.5

12.1

11.5

12.5

Reforming countries

16.8

15.6

17.9

13.4

11.8

14.9

Burundi

15.9

16.4

15.5

0.8

4.1

-2.0

Gambia, The

18.9

19.0

18.8

6.4

6.2

6.7

Ghana

10.7

6.3

14.4

5.5

5.5

5.4

Guinea

16.0


16.3

13.9


13.4

Guinea-Bissau

28.5

27.2

29.6

-7.3

4.7

-9.6

Kenya

22.5

23.1

21.9

19.9

20.7

19.1

Madagascar

10.7

9.1

12.1

3.5

2.0

4.9

Malawi

17.7

17.6

17.9

10.1

13.3

7.3

Mauritania

27.1

31.9

23.0

7.4

3.0

11.2

Mozambique

27.1

16.6

36.1

-9.0

-4.2

-13.1

Nigeria

15.2

15.3

15.1

17.4

13.3

21.6

Sierra Leone

12.3

13.5

11.2

7.9

7.0

8.7

Tanzania

27.7

18.3

37.1

7.3

9.7

5.0

Uganda

10.4

7.3

13.0

1.7

2.9

0.6

Zambia

15.1

17.2

13.3

13.9

14.1

13.8

Zimbabwe

20.6

19.6

21.6

19.6

17.9

21.1

Other African countries

15.9

17.4

15.0

10.9

11.3

10.1

Angola

15.5


14.2

22.3


24.1

Benin

14.7

16.0

13.6

2.4

0.8

3.8

Burkina Faso

20.5

20.0

21.0

-0.8

-4 .9

2.6

Cameroona

20.8

24.8

17.4

21.5

29.1

15.0

Cape Verde

43.8

54.0

33.6

-3.9

-5.4

-2.4

Central African Republic

11.4

11.0

11.7

-0.8

-2.0

0.2

Chad

7.7

5.9

8.9

-13.3

-11.6

-14.5

Comoros

25.0

31.7

19.2

-3.3

4.1

-2.7

Congoa

27.3

39.4

17.0

26.5

35.7

18.5

Cd'lvoire

13.6

17.1

10.6

18.1

21.7

15.1

Djibouti

18.3

22.4

16.5

-7.0

-3.5

-8.5

Equatorial Guinea

22.0


25.6

-8.7


-9.5

Ethiopia

12.8

12.4

13.2

3.1

3.0

3.2

Lesotho

54.7

43.9

63.9

-64.7

-80.9

-50.7

Liberia

11.8

11.8


14.7

14.7


Mali

19.8

17.2

22.0

1.2

-3.5

5.2

Niger

11.9

13.9

10.1

6.7

6.1

7.2

Rwanda

15.1

15.6

14.7

4.7

6.1

3.4

Sao Tome and Principe

41.2

37.6

44.4

-18.8

-17.6

-19.9

Senegal.

12.2

11.3

12.9

3.5

0.4

6.9

Somalia

26.2

26.4

25.8

-6.2

-9.7

-1.0

Sudan

14.1

14.1

14.1

4.8

3.6

6.2

Togo

23.5

25.3

21.9

15.5

18.8

12.7

Zaire

11.9

10.7

14.4

10.7

10.2

11.9

East Asia and the Pacific

34.0

31.4

36.4

29.2

31.0

32.7

China

35.1

32.4

37.5

35.9

32.2

39.0

Other East Asia and the Pacific

16.2

17.1

15.9

10.2

11.5

10.6

Cambodia







Kiribati

35.8

35.8


-48.9

-48.9


Lao PDR

10.2

6.7

12.3

-0.3

2.3

-1.9

Mongolia

45.2

58.8

33.6

19.5

26.9

13.1

Myanmar

15.3

17.8

12.8

12.1

12.9

11.2

Solomon Islands

30.2

29.5

31.0

8.9

9.8

7.8

Tonga


25.3



-9.4


Vanuatu

32.4

18.7

36.7

9.4

6.7

8.6

Viet Nam

16.4


16.5

10.1


10.8

Western Samoa

32.1

30.0

34.1

-8.3

-8.4

-8.2

South Asia

23.0

22.1

23.7

19.4

17.8

20.8

India

. 24.1

23.0

25.1

21.8

20.3

23.1

Other South Asia

18.1

18.2

17.9

9.0

7.0

10.8

Afghanistan







Bangladesh

13.1

13.7

12.6

3.2

2.0

4.3

Bhutan

37.2

40.2

34.3

12.5

9.9

15.0

Maldives







Nepal

20.4

19.5

21.2

11.7

11.8

11.6

Pakistan

19.0

18.7

19.2

10.9

8.0

13.4

Sri Lanka

24.6

26.5

23.0

13.4

13.4

13.5

Latin America and the Caribbean

16.6

16.1

18.1

8.0

10.1

7.3

Boliviaa

11.9

10.3

13.2

8.7

10.8

6.9

Guyana

33.3

30.2

36.0

21.1

15.6

25.8

Haiti

14.2

15.5

12.2

4.9

5.7

3.8

Honduras

17.8

16.3

22.6

13.1

11.6

17.2

Nicaragua

20.9

21.2

20.7

1.8

9.8

-5.0

Middle East and North Africa







Egypt, Arab Republic

24.0

27.7

20.8

10.4

14.9

6.5

Yemen, Republic

19.0


19.3

-4.0


-1.0

Eastern and Central Europe

26.4

27.3

25.3

21.6

27.0

16.0

Albania

28.3

34.1

22.4

17.8

32.4

3.3

Armenia

26.3

26.6

26.0

20.1

32.5

9.5

Georgia

24.0

24.8

22.9

25.4

27.6

22.2

Kyrgyz Republica

30.8

30.9

30.6

18.2

19.3

16.9

Macedonia, FYRa







Tajikistan

27.7

29.3

25.8

17.7

20.2

14.7

a. Lower-middle-income economy but eligible for access to IDA resources.

Source: World Bank data.