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.
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17 Mar 2009 / Kevin Watkins
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11 Mar 2009 / GEG
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.
