The global financial crisis is not like a tsunami, giant wave sweeping everything in its path, but rather like a series of smaller waves with their impact accumulating over longer periods. Some developing countries will be impacted much more severely than others, but nobody will remain unaffected. The trade and investment impact will accumulate, with reduced remittances and fewer workers migrating. According to the IIF, the level of private capital likely to be invested in developing countries in 2009 will be down by 82%, relative to 2007. Two key variables in the official assistance scenario for developing countries are the flow of overseas development assistance and the availability of International Monetary Fund credits. Despite G-20 measures and fiscal stimulus across a number of ma...
... and BRiC economies; much of sub-Saharan Africa, including Benin, Kenya, Uganda and Zambia, is aff... another important sector, with Cambodia, Gabon, Kenya, Mauritius and Zambia among the countries s...