02159cas a2200241 a 4500 AALejournalIMF012558 230101c9999 xx r poo 0 0eng d 5.00 USD 9781462321278 2617-6742 BD-DhAAL BD-DhAAL Burgess, Robert. The Southern African Development Community's Macroeconomic Convergence Program : Initial Performance / Robert Burgess. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (29 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 discusses initial performance of the Southern African Development Community's (SADC) Macroeconomic Convergence Program. The 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. As macroeconomic performance in the SADC region has improved in recent years, most countries are making progress toward, and in many cases exceeding, the convergence criteria. Most SADC member states have recorded solid macroeconomic performance in recent years, in general coming close too, 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 later years are ambitious and, in some cases, warrant further evaluation, given that achieving the targets may be neither necessary nor enough to achieve good macroeconomic results. Mode of access: Internet IMF Staff Position Notes; Staff Position Note ; No. 2009/014 Full text available on IMF http://elibrary.imf.org/view/journals/004/2009/014/004.2009.issue-014-en.xml IMF e-Library