Economic management (Cluster A) covers the quality of three closely related policy areas: monetary and exchange rate, fiscal, and debt. The CPIA score for the economic management cluster and the components of this cluster reflect the overall prudent stance of policies in Sub-Saharan African countries, the flexibility of policies to respond to shocks, and the appropriate use of policy buffers. The regional score for cluster A held steady at 3.2, a welcome development from the decline seen in recent years. Varying trends were observed across the three components comprising this cluster. Although the weakening trend in fiscal policy halted in 2017, debt policy and management performance continued to slip. Monetary policy, by contrast, saw a slightly improving trend. Overall, many of the countries (21 countries, 55 percent) registered a change in the economic management cluster: 10 countries recorded an increase and nearly an equal number (11) saw a decline.
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