Africa and the International Financial Crisis

How will the current global financial crisis affect Africa? Many African countries economies (and by implication, their stability) rely heavily on commodities, and the recent financial crisis and related commodity fluctuations will have some impact.

A recent report by the UN Conference on Trade and Development (UNCTAD) says “Uncertainty and instability in international financial, currency and commodity markets, coupled with doubts about the direction of monetary policy in some major developed countries, are contributing to a gloomy outlook for the world economy and could present considerable risks for the developing world.”

See this Africa focus bulletin here,

an article on Financial Turmoil and Africa here

and share your opinions below.

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