Crises as opportunities? Can the current short-term financial response measures be turned into structural global development finance architecture reforms?

Danny Cassimon and George Mavrotas

Development Finance Agenda, 2022, vol. 7, issue 2, 14-15

Abstract: As stressed over and over again at the 2022 annual meetings of the IMF and World Bank , the world is being hit by a cascading series of crises that threatens not just the global economy but will and already is disproportionally affecting low and middle income developing economies and the livelihoods of their most vulnerable population groups. More particularly, countries’ fragile attempts to bounce back from the negative effects of the COVID-19 pandemic shock that hit from February 2020 on, have been stymied by the economic consequences of the war in Ukraine, through a number of mutually-reinforcing channels ranging from high inflation, caused by even higher food, energy and fertilizer prices, to rising international interest rates and a strong dollar, disruption of international global value chains, diminishing global liquidity, and the danger of global recession.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.co.za/doi/abs/10.10520/ejc-defa_v7_n2_a5 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afj:journ4:v:7:y:2022:i:2:p:14-15

Access Statistics for this article

More articles in Development Finance Agenda from Chartered Institute of Development Finance Contact information at EDIRC.
Bibliographic data for series maintained by Kirk De Doncker ().