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The Financial Crisis and G20

 

 
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EVENT:
 
Monday, 2nd March 2009 - Tuesday, 3rd March 2009
 
Conference on the Financial Crisis and G20 Summitry: Decoding (South) African Positions
- A Workshop hosted by the South African Institute of International Affairs

 
 
As the global financial crisis unfolds, high level attempts to contain its impact intensified, with the G20 summit attracting most attention. The agenda of these summits is often very broad and opaque to those not directly involved in international financial markets as either participants or regulators. With the exception of South Africa, the entire African continent is not represented at the summit. However, the financial crisis has far-reaching consequences for most African nations via various channels. The most prominent include reduced demand and prices for African exports, a reduction in trade finance, protectionist measures, reduced inflow of remittances and for some a reduction in capital inflows.
 
The workshop in Johannesburg centered on sustained access to international capital and the consequences for trade of African countries. Professor Richard Baldwin of the Graduate Institute, held within this context a presentation on the crisis’ impact on trade and what African nations could do to limit adverse consequences in the months ahead.
 

View Presentation
Other participants at the conference included:

Dr. Manmohan Agarwal (Senior Visiting Fellow, CIGI), Prof. Robert Lawrence (Harvard University), Dr. Abdul Kamara (Research Division Manager, African Development Bank), Nicolas Veron (Resident Fellow, Bruegel), Dr. Peter Wolff (Head of Department on World Economy and Development Finance, GDI), Dr. Rajiv Kumar (Executive Director, ICIER, India), Dr. Ellias Ngalande (Executive Director, MEFMI), Prof. Danny Bradlow (American University and University of Pretoria), Dr. Shuaihua Cheng (ICTSD), Prof. Olusanya Ajakaiya (Director of Research AERC), Prof. Francis Mwega (Director, School of Economic, University of 
Nairobi, Kenya), John Mandy (CEO, Namibian Stock Exchange), Jason Milton (South African Reserve Bank), Michael Sachs (South African Treasury), Alan Hirsch (The Presidency, South Africa), Sean Nolan (Resident Representative IMF), Dr. Stephen Gelb (Director of Research, The Edge Institute).