Series: IMF Staff Position Notes
Author(s): Shamsuddin Tareq , Andrew Berg , Victor Lledo , Antonio Spilimbergo , Rolando Ossowski , Irene Yackovlev , Norbert Funke , Alejandro Hajdenberg , and Martin Schindler
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 May 2009
Keywords: Emerging markets, Financial crisis, Cross country analysis, Commodities, Commodity price fluctuations, Developing countries, Infrastructure, Government expenditures, Fiscal policy, Social safety nets
The global financial crisis poses significant challenges to fiscal policies in Sub-Saharan African countries. Growth will weaken considerably as export prices and volumes, remittances, tourism, and capital flows de...