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Due to Africa's undeveloped financial markets, the continent's economies remained largely buffered from the financial problems experienced in the United States, Europe, and other parts of the world. It has not escaped the crisis unscathed, however. Falling demand internationally has dampened African exports. Tightening trade flows have also posed a problem for many of the continent's countries. More pressingly, the crisis has strained international aid organizations, limiting their ability to provide humanitarian relief to some of Africa's poorest countries.
The following is a list of resources on how the crisis has affected African economies.
Financial System Implications
- Expert Brief: Africa Dodges the Financial Bullet, but Recession Is Another Matter
- IPS: Financial Crisis May Increase Pressure for Debt Repayment
- Interview: Chief Economist of World Bank's Africa Region on Crisis
The Impact on Aid
- Transcript: Impact of the Global Financial Crisis on Developing Nations
- Report: The Future of Foreign Assistance Amid Global Economic and Financial Crisis
- Expert Brief: Development and Global Health Aid Cuts Would Be Cruelest of All
- Task Force Report: More than Humanitarianism
- Brookings: Supporting Africa's Growth Turnaround (PDF)
Ongoing Economic Challenges
- Institute for Development Studies: A Scoping Study on China-Africa Economic Relations: The Case of Kenya
- IMF: Foreign Reserve Adequacy in Sub-Saharan Africa
- IMF: Regional Economic Outlook: Sub-Saharan Africa
- IMF: Monetary Policy and Relative Price Shocks in South Africa and Other Inflation Targeters
- CGS Working Paper: Food Price Inflation: Explanation and Policy Implications
