The Global Financial Crisis and Developing Countries
Overseas Development Institute The global financial crisis and developing countries Phase 2 synthesis Dirk Willem te Velde, Medani M. Ahmed, Getnet Alemu, Lawrence Bategeka, Massimiliano Calí, Carlos Castel-Branco, Frank Chansa, Shouro Dasgupta, Marta Foresti, M. Hangi, Lutangu Ingombe, Ashiq Iqbal, Hossein Jalilian, Luis Carlos Jemio, François Kabuya Kalala, Jodie Keane, Jane Kennan, Towfiqul Islam Khan, H.B. Lunogelo, Isabella Massa, A. Mbilinyi, Dale Mudenda, Francis M. Mwega, Manenga Ndulo, Osvaldo Nina, Rodério Ossemane, Mustafizur Rahman, Glenda Reyes, Sarah Ssewanyana, Leni Wild and others Working Paper 316 Results of ODI research presented in preliminary form for discussion and critical comment Working Paper 316 The global financial crisis and developing countries 1 Phase 2 synthesis March 2010 Overseas Development Institute 111 Westminster Bridge Road London SE7 1JD www.odi.org.uk 1 This paper is part of a wider research project coordinated by the Overseas Development Institute (ODI) London. We are grateful to the UK Department for International Development (DFID) and the Swedish International Development Cooperation Agency (Sida) for support, however the views expressed are those of the authors and they do not necessarily reflect the views of DFID, Sida or ODI. ISBN 978 1 907288 22 7 Working Paper (Print) ISSN 1759 2909 ODI Working Papers (Online) ISSN 1759 2917 © Overseas Development Institute 2010 Readers are encouraged to quote or reproduce material from ODI Working Papers for their own publications, as long as they are not being sold commercially. As copyright holder, ODI requests due acknowledgement and a copy of the publication. ii Contents Figures, tables and boxes iv Acknowledgements v Acronyms vi Executive summary vi 1.
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