When the global financial crisis broke out in earnest in September 2008,
it quickly became clear that developing countries would also be
affected, but that the impacts would vary markedly. The Overseas
Development Institute (ODI) coordinated a multi-country study over
January-March 2009 involving developing country teams in 10 countries.
This showed that, while the transmission mechanisms were similar in each
(trade, private capital flows, remittances, aid), the effects varied by
country, and much was not yet visible. As such, further country-specific
monitoring was required. Most findings suggested that, as a result of
time lags, the worst effects were yet to come. This synthesis of the
effects of the global financial crisis on developing countries updates
the description of the economic and social situation during the course
of the crisis in 11 countries (Bangladesh, Bolivia, Cambodia, Congo,
Ethiopia, Kenya, Mozambique, Sudan, Tanzania, Uganda, and Zambia). The
synthesis includes a series of easy-to-read comparative tables of how
the 11 countries have been affected and a summary of key facts.
Velde, D. W.; Ahmed, M. M.; Alemu, G.; Bategeka, L.; Calí, M.; Castel-Branco, C.; Chansa, F.; Dasgupta, S.; Foresti, M.; Hangi, M.; Ingombe, L.; Iqbal, A.; Jalilian, H.; Jemio, L. C.; Kalala, F. K.; Keane, J.; Kennan, J.; Khan, T. I.; Lunogelo, H. B.; Massa, I.; Mbilinyi, A.; Mudenda, D.; Mwega, F. M.; Ndulo, M.; Nina, O.; Ossemane, R.; Rahman, M.; Reyes, G.; Ssewanyana, S.; Wild, L. and others. The global financial crisis Series. Paper 316: Phase 2 Synthesis. ODI, London, UK (2010) 77 pp.
The global financial crisis Series. Paper 316: Phase 2 Synthesis