Fiscal Policies in Africa and the Global Financial Crisis

 AFRICA, AFRICA COUNTRIES, DEVELOPMENT, ECONOMY, PAPERS and REPORTS
Sep 142009
 

The latest issue of  Development Viewpoint (#37) asks: “How Fiscal Policies in Africa Can Respond to the Global Financial Crisis”.

In this paper the author, John Weeks, Professor Emeritus, SOAS, and Senior Research Associate, CDPR, argues for both the desirability and feasibility of implementing counter-cyclical fiscal policies in Africa to counter the crisis-induced fall in domestic private spending and export demand. As complementary measures, he recommends financing the ensuing fiscal deficit primarily by borrowing money from the central bank and combating any upward pressures on the trade deficit and inflation through deliberate management of the exchange rate.

How to get a copy

Download the paper HERE

Call for Book Concept Papers : The Global Financial Crisis and Africa, Issues and Challenges Sub-Saharan African and the financial crisis Space Policies for Africa Mozambique : Monitoring and evaluating poverty reduction policies Adaptation in Africa – the global failure to deliver funding
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