In good times or bad, there is one commodity which Africa always enjoys in abundance: namely, advice on fiscal responsibility. The real scarcity today is the flow of finance needed to prevent the economic downturn from turning into a human development reversal.
Though our work and research on matters of global economic governance continues, our posting here does not. For up-to-date information on the latest GEG news and research, please check the main GEG website and Facebook page.
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It’s enough to make you want to blog
Comments OffMarch 17, 2009 / aid, financial crisis, imfTags: Add new tag, aid, financial crisis, imf, kevin watkins, mdgs
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March 11, 2009 / aid, financial crisis
In the FT today, Harvey Morris quotes GEG Senior Visiting Fellow Kevin Watkins on the grave humanitarian crisis facing the world’s most vulnerable people, resulting from the global economic downturn. As Kevin has written previously, the global financial crisis is already draining development aid. The effect on the world’s poor is emphasised again in Morris’s article.
Tags: aid, financial crisis, kevin watkins
