Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses
DIANE Publishing, 2010 - 30 pages
Sub-Saharan Africa has been strongly affected by the global recession, despite initial optimism that the global financial system would have few spillover effects on the continent. Contents of this report: (1) Recent Develop.; (2) Congressional Interest; (3) African Economies; Trends Prior to the Crisis; Develop. Challenges; (4) How the Crisis is Affecting Africa: Internat. Trade: Trade with the U.S., and with China; Capital Flows: Migrant Remittances; Foreign Aid; (5) Implications of the Crisis in Africa; Sub-Regional Variations; Fiscal and Trade Balances; Poverty Reduction; Food Security; Political Stability; (6) Internat. Efforts to Address the Impact of the Crisis on Africa; Developed Countries; Internat. Financial Inst.; World Bank; ADB; IMF; African Gov┐ts.
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AfDB affected African countries African Development Bank African Development Fund African economies African governments African Growth AGOA aid to Africa analysts April average Bank’s billion Botswana Budget Support capital flows China commitments commodity exports concessional Congress Crisis Economic Crisis on African CRS Report debt relief decline developing countries Development Bank AfDB economic growth Economic Outlook database Economist Intelligence Unit emerging market Facility Figure foreign aid Ghana Gleneagles global crisis global economic crisis Global Financial Crisis global trade Growth and Opportunity growth in Africa impact increase infrastructure International Monetary Fund investors July June lending Liberia loan low-income countries middle-income countries Millennium Development Goals Ministers and Central multilateral Nigeria October oil exporters political Poverty Reduction PRGF programs projected recent Regional Economic Outlook remittances reportedly Republic of Congo Reuters South Africa stability Sub-Saharan Africa Tanzania Trade Finance U.S. imports U.S. trade vulnerable World Bank World Economic Outlook