02104cas a2200253 a 4500 AALejournalIMF012557 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462376773 2617-6742 BD-DhAAL BD-DhAAL Laryea, Thomas. Principles of Household Debt Restructuring / Thomas Laryea, Luc Laeven. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (20 pages) IMF Staff Position Notes <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the estimated compliance with the macroeconomic convergence targets for 2008, based on estimates contained in the IMF's Regional Economic Outlook: Sub-Saharan Africa (the REO). SADC's regional economic integration agenda includes a macroeconomic convergence program, intended to achieve and maintain macroeconomic stability in the region, thereby contributing to faster economic growth and laying the basis for eventual monetary union. Targets for key macroeconomic variables have been set out for 2008, 2012, and 2018. Most SADC member states have recorded solid macroeconomic performance in recent years, in general coming close to, and in many cases surpassing, the convergence targets specified for 2008. A notable exception in this regard is Zimbabwe, which was in the grip of hyperinflation. The macroeconomic targets for 2012 are ambitious and, in some cases, warrant further evaluation, given that achieving the targets may be neither necessary nor sufficient to achieve good macroeconomic results. Mode of access: Internet Laeven, Luc. IMF Staff Position Notes; Staff Position Note ; No. 2009/015 Full text available on IMF http://elibrary.imf.org/view/journals/004/2009/015/004.2009.issue-015-en.xml IMF e-Library