The global financial crisis is having a major effect on all developing nations. However the term, duration and intensity of the ramifications vary and depend on, among other things, the degree to which individual countries are integrated into the global economy. It is undeniable that poverty will increase in developing nations. This article analyses the conditions in the respective countries, demonstrates how the donor community has been responding and outlines the measures that continue to be necessary to tackle the crisis.
Dr Peter Wolff
Head of the World Economy and Development Financing Department
German Development Institute (DIE)