Africa: Macroeconomic policies should support the achievement of the MDGs - report

An alternative macroeconomic framework oriented towards achieving the Millennium Development Goals (MDGs) in Sub-Saharan Africa is known and feasible. Currently, the effects of neoliberal reforms have been counter-productive with non-intervention leading to increased volatility of nominal exchange rates. This report published by the IPC finds that In fact, inflation-targeting is particularly detrimental to expanding investment which helps accelerate growth and human development. Another major obstacle to effectively implementing MDG-based macroeconomic policies is the underdevelopment of financial institutions.