Although not at the center of the world's economy, developing countries are at its mercy dependent on trade investment and aid; never is this felt more than in times of crisis. A further concern, common among developing countries, is a lack of diversification in export markets. But the impact of the financial crisis isn't limited to export markets; national incomes are threatened on several fronts. Developing countries are being told to prepare for steep declines in aid donations and remittances. Many developing countries are looking toward strategic planning and restructuring of financial systems, to bolster their economies in difficult times. Challenge is the need to balance the governments need for revenue and reducing the cost of doing business. Ghana relies heavily on the EU, the U...
... Torti, CEO of the Federation of Nigerian Exporters. 'Even when Nigerian banks were sitting ..., As a result, not only did domestic stock markets dive, but the local currency underwent a s... would face unexpected vulnerability to exchange rate depreciation, due to exposure through derivat...