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Author/Editor:
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Drummond, Paulo Flavio Nacif ; Ramirez, Gustavo
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Publication Date:
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December 15, 2009
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Electronic Access:
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Free Full text
(PDF file size is 831KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Summary:
The East African Community (EAC) countries—Kenya, Tanzania, Uganda, and Rwanda—have been affected by the global financial crisis and global recession. The fall in global demand and inflows and tighter liquidity conditions abroad affected the countries in this region as elsewhere in sub-Saharan Africa. But how hard have countries in the EAC been hit? Have the spillovers from the global crisis affected countries in the region as much as other countries in the sub-Saharan region? Have the transmission channels or magnitudes of the spillovers been different across EAC countries? How can these countries return quickly to a path of sustained high growth? What is the role for policy? Would acceleration of regional integration and policy coordination help achieve this goal? Would it make the region less susceptible to shocks? This paper focus on the EAC countries and attempts to address these questions.
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Series:
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African Departmental Paper No. 09/02
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Subject(s):
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East Africa | Economic growth | Economic conditions | Kenya | Rwanda | Tanzania | Uganda | Spillovers
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Author's Keyword(s):
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East African Community | growth | spillovers | crisis |
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English
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Publication Date:
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December 15, 2009
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ISBN/ISSN:
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978-1-58906-933-6
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Format:
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A web quality merged PDF
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Stock No:
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SEEACET
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Pages:
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32
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Price:
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Please address any questions about this title to
publications@imf.org
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