African Leaders are meeting in London this week to discuss Africa's response to the global crisis. Last week, Tanzania announced cancellations of over $3bn of foreign investment projects as credit lines in global markets were reduced or cut. Across the globe, governments have spent trillions of dollars bailing out financial institutions. Africa, while not in the direct line of fire, is suffering secondary effects of the crisis as aggregate demand collapses in traditional export markets. What have government responses been in Africa? Is your country taking steps to dampen the effects of the crisis?
