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From Conflict to Recovery in Africa$
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Tony Addison

Print publication date: 2003

Print ISBN-13: 9780199261031

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199261031.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 October 2021

Overcoming the Fiscal Crisis of the African State

Overcoming the Fiscal Crisis of the African State

(p.240) 15 Overcoming the Fiscal Crisis of the African State
From Conflict to Recovery in Africa

Tony Addison

LÈonce Ndikumana

Oxford University Press

This chapter discusses the dimensions of the fiscal crisis of the African state. It then describes the size of the fiscal peace-dividend that can be expected and the setting of expenditure priorities and the reform of budgetary institutions. It also addresses the question of whether the International Monetary Fund (IMF) fiscal conditionality is too tight in countries that are reconstructing. The chapter concludes by stressing the importance of a development state to achieving reconstruction, the need for macropolicy design to incorporate fully development objectives, and the importance of peace to improve economic management.

Keywords:   fiscal crisis, African state, fiscal peace-dividend, budgetary institutions, International Monetary Fund, IMF, fiscal conditionality, reconstruction, macropolicy design, economic management

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