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      Trade and Poverty Paper Series: Trade and Current Account Balances in Sub-Saharan Africa: Stylized Facts and Implications for Poverty (English)

      Report by Moussa, Nicole/ UNCTAD, 2016, 28 pages

      Categories: Trade and Poverty

      This paper examines the main components of Sub-Saharan Africa's balance of payments with a view to understanding the role that trade has played in the evolution of current account imbalances in the region. The paper finds that increasing trade openness in SSA has been accompanied by current account deficits in majority of the countries. The paper also finds that while at the aggregate level net income payments were the main source of the current account deficits in SSA, in the majority of countries the trade deficit was the main driver. Furthermore, the paper argues that the composition of the current account matters for employment and poverty and offers suggestions on how to make trade better work for SSA.