A vicious cycle of bad policy to poor economic performance seemed to be completed by the late 1970s:
high prices led to high interest rates, driving up the cost of investment and exacerbating the poor economic conditions.
Under such unfavorable investment climate, would-be investors and government officials found it more profitable to engage in rent-seeking and other corrupt activities.
The return to multi-party democracy and constitutional rule began an economic and political stabilization process never seen before in the post-colonial era
Growth has become steady and appreciable
Significant progress in reducing poverty has occurred; from 51.7% in 1992 to 39.6% in 1999 and 28.5% in 2006