African Economic Recovery Hindered by Slow Structural Reform Progress.
The paper discusses how African countries recovering from economic disasters are struggling with implementing necessary structural reforms, such as banking reform. These reforms are crucial for attracting private sector investment, which is essential for long-term economic recovery. The governments have been following macroeconomic policies recommended by the IMF and World Bank, but progress with structural reforms has been slow and uncertain. Without reforms in the civil service, banks, and state-owned enterprises, private sector investment is unlikely to pick up, hindering sustained economic recovery.