Democracy’s influence on "inflation dynamics" in sub-Saharan Africa

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Agriculture is a driver for local economies. File Photo: UNMIL/Christophe Herwig

The election of democratic governments in sub-Saharan Africa countries has provided the conditions for social and political stability and led to a reduction in inflation, according to the International Monetary Fund (IMF).

Agriculture is a driver for local economies, and the IMF says a stable environment is more conducive to production.

This in turn prevents food shortfalls which cause rising costs and, ultimately, inflation.

Oral Williams, IMF Mission Chief for Malawi, is the co-author of a research paper looking at what he calls "inflation dynamics" in the region.

Bruce Edwards asked him how the picture has changed over the past two decades.

Duration: 3'08"

Filed under Today's Features.
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