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The new series Stellenbosch Handbooks in African Constitutional Law will engage with contemporary issues of constitutionalism in Africa, filling a notable gap in African comparative constitutional law. Separation of Powers in African Constitutionalism is the first in the series, examining one of the critical measures introduced by African constitutional designers in their attempts to entrench an ethos of constitutionalism on the continent. Taking a critical look at the different ways in which attempts have been made to separate the different branches of government, the Handbook examines the impact this is having on transparent and accountable governance. Beginning with an overview of constitutionalism in Africa and the different influences on modern African constitutional developments, it looks at the relationship between the legislature and the executive as well as the relationship between the judiciary and the political branches. Despite differences in approaches between the different constitutional cultures that have influenced developments in Africa, there remain common problems. One of these problems is the constant friction in the relationship between the three branches and the resurgent threats of authoritarianism which clearly suggest that there remain serious problems in both constitutional design and implementation. The book also studies the increasing role being played by independent constitutional institutions and how they complement the checks and balances associated with the traditional three branches of government.
Angola --- Bénin --- Botswana --- Ethiopie --- Ghana --- Kenya --- Sénégal --- Tunisie --- Namibie --- Nigéroa --- Burkina Faso --- Burundi --- Algérie --- Cameroun --- Cap Vert --- Afrique du Sud --- Ouganda --- République Démocratique du Congo --- Egypte --- Gabon --- Gambie --- Guinée-Bissau --- Mozambique --- Maroc --- Sao Tomé-et-Principe --- Zimbabwe --- Public law. Constitutional law --- Africa
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This paper discusses recent economic developments and economic outlook and risks of São Tomé and Príncipe. Although São Tomé and Príncipe’s economic development is constrained by its insularity, fragility, limited resources, and low capacity as a small island state, this African country has made commendable progress toward greater macroeconomic stability. GDP growth has averaged more than 4 percent per year since 2012, faster than many small islands states, but not sufficiently strong and diversified to meaningfully improve economic prospects and reduce poverty significantly. The forthcoming presidential election, with the risk of extra budgetary spending and continued weakness in the banking sector, are the main sources of short-term risks to the economic outlook.
Economic development --- Fiscal policy --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Government policy --- Banks and Banking --- Exports and Imports --- Finance: General --- Macroeconomics --- Public Finance --- Statistics --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- International Lending and Debt Problems --- Taxation, Subsidies, and Revenue: General --- Debt --- Debt Management --- Sovereign Debt --- General Aggregative Models: General --- Banking --- Public finance & taxation --- International economics --- Financial services law & regulation --- Bank deposits --- Revenue administration --- Public debt --- External debt --- Commercial banks --- Financial institutions --- National accounts --- Banks and banking --- Debts, External --- Revenue --- Debts, Public --- National income --- São Tomé and Príncipe, Democratic Republic of
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This paper discusses the following selected issues related to the São Tomé and Príncipe’s economy: tourism competitiveness in São Tomé and Príncipe—challenges and strategy, macro-financial linkages, private sector development, and challenges of small financial systems. São Tomé and Príncipe has experienced significantly faster growth in tourism than most tourism-dependent small states (TDSS). An application of a tourism gravity model shows that São Tomé and Príncipe is competitive in compared to TDSS. However, tourism development in this country faces broad challenges both on the micro and micro level. São Tomé and Príncipe can do well with venture capital-type financing for micro, small-, and medium-sized enterprises.
Tourism --- Banks and banking --- Economic development --- International Monetary Fund --- Holiday industry --- Operators, Tour (Industry) --- Tour operators (Industry) --- Tourism industry --- Tourism operators (Industry) --- Tourist industry --- Tourist trade --- Tourist traffic --- Travel industry --- Visitor industry --- Service industries --- National tourism organizations --- Travel --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Finance --- Financial institutions --- Money --- Economic aspects --- Internationaal monetair fonds --- International monetary fund --- Banks and Banking --- Macroeconomics --- Money and Monetary Policy --- Industries: Financial Services --- Industries: Hospital,Travel and Tourism --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Financial Institutions and Services: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Sports --- Gambling --- Restaurants --- Recreation --- Personal Income, Wealth, and Their Distributions --- Monetary economics --- Financial sector --- Nonperforming loans --- Credit --- Economic sectors --- Financial services industry --- Loans --- São Tomé and Príncipe, Democratic Republic of
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This paper discusses São Tomé and Príncipe’s Second Review Under the Extended Credit Facility (ECF) and Request for Waivers for Nonobservance of Performance Criteria and modification of performance criteria. The economic outlook for 2017 and the medium term is favorable, but not without risks. The main sources of short-term risks to the outlook are ongoing pressure on foreign exchange supply, liquidation of Bank Equador, and continued weakness in the banking sector. In addition, the economy will remain vulnerable to global developments, including weak demand in the key European and emerging markets. The IMF staff recommends completion of the second review and the disbursement of an amount equivalent to SDR 634,285 under the ECF arrangement.
Economic development. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Banks and Banking --- Finance: General --- Macroeconomics --- Public Finance --- Statistics --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy --- General Aggregative Models: General --- Financial Institutions and Services: Government Policy and Regulation --- National Government Expenditures and Related Policies: General --- Taxation, Subsidies, and Revenue: General --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Banking --- Public finance & taxation --- Financial services law & regulation --- Labour --- income economics --- Econometrics & economic statistics --- Bank deposits --- International reserves --- Commercial banks --- National accounts --- Central banks --- Financial institutions --- Financial services --- Revenue administration --- Banks and banking --- Foreign exchange reserves --- National income --- State supervision --- Finance, Public --- Revenue --- São Tomé and Príncipe, Democratic Republic of --- Income economics
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