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The impact of the global financial crisis on developing countries
The debate in rich countries about the impact of the global financial crisis has largely ignored its impact on developing countries. But the instability in financial markets around the world is spilling over to the ‘real economy’ in poorer countries around the world. It is vital that policymakers from both North and South understand how this crisis impacts developing countries and the implications for development policy >>>>>
The Institute of Development Studies IDS based in the UK has published a report and a series of briefings by key thinkers, academics and policymakers from 19 different developing countries. This work gives insights on three major policy implications of the crisis: the impact on aid, appropriate social protection measures and a fairer financial architecture.
To access the report and the briefings, click here.
On 12 February 2009, the world bank has also issued a press release and a briefing note on "Crisis hitting poor hard in developing world".
