text: r4 oney Quasi-money \'lei ehte d chanfe 294 24 7 26 31 26 42 Source: As for table V.B.1. 1980 MeeHan chanfe -16 17 13 16 1 9 14 21 1981 v/ei ghte c change 36 41 31 22 19 28 r1edian change -7 26 33 17 21 21 25 17. Notwithstancing the existence cf ever-all credit ceilings in many African countries, inclucing tte Ivory Coast, rJiauritius, Senegal anc Zaire, the median rate of credit frowth reached 26 per cent in 1981 as comparee to 17 per cent the previous year. 1his acceleration was associated with public sector credit growth from a median rate of 13 per cent in 1980 to 33 per cent in 1981 •. In most cases the increase in cre~it to Government was due to the financing of development projects fer which external assistance was not forthcoming. 18. ·Although policy stances and financial cevel opments differ widely amone countries, very few African countries ezperiencec a deceleration in the growth of don:estic crecit in 1981. These which did-such as Benin, the Central African Republic, Gabon, the Niger and the United Republic of Cameroon -mainly belong to the franc zone, where stricter lin:its are imposed on crecit ex­ pansion. Other countries where domestic credit expansion decreased in 1981 were Ethiopia, the Gambia anc Somalia. 19. The growth of private creCit accelerated in 16 countries out of the 32. The increase vras rarticularly noticeable in Botswana, owing to the boom in construction activity, ana in Burundi, Rwan- 101 E/ECA /C~L 9/5 da, the was the produce. United Republic of Tanzania financin[ of inventories or and Zambia where the cause the eYport of arricultural 20. Private demand for bank credit was also partly motivated by the "chear" interest rate polivy fcllowec by many African 
analysis: The text appears to be discussing the economic situation in various African countries, specifically the growth rate of credit, government spending, and private sector activity. It mentions development projects, interest rates, and export of agricultural products, which suggests that it is focused on economic development and finance.