Policy makers and advisors from across
Africa gathered in Lusaka, Zambia, on 6–8 April
for a clear-headed reflection on one of the world’s
most pressing issues at the moment – the global
financial crisis. The occasion was the eleventh Senior
Policy Seminar (SPS XI) sponsored by the Nairobi-based
African Economic Research Consortium (AERC). Three
days of intense discussions focussed on the global
financial crisis and what it portends for Africa.
The following five papers were presented at the seminar:
Paper 1:
Causes of the Global Financial Crisis and Short-,
Medium- and Long-Term Consequences for Global Economic
Prospects
Prof. Lemma Senbet, Professor of
Finance, University of Maryland, USA
Paper 2:
Macroeconomic Impact of the Global Financial Crisis
in Africa: Issues and Policy Options
Prof. Touna Mama, Special Adviser
at the Prime Minister’s Office, Cameroon
Paper 3:
Global Financial Crisis: Implications for Growth
and Development of Africa’s Financial System
Prof. Victor Murinde, Head of Finance
Subject Group, Birmingham Business School, University
of Birmingham, United Kingdom
Paper 4:
Sub-Saharan Africa and the Current Global Economic
Crisis
David Cowan, Director, African Economist,
Citibank, United Kingdom
Paper 5:
Global Financial Crisis: Impact on Africa’s
Trade and Policy Options
Prof. T. Ademola Oyejide, Professor
of Economics, University of Ibadan, Nigeria
Over 80 African policy makers and advisors
drawn from the highest levels of government attended
the seminar, representing over 20 countries on the
continent. Each session featured a brief summary of
the presentation and a floor discussion by the policy
makers themselves. Wrapping up the debates was a working
session in which participants identified additional
key areas of research they would like to see to assist
them in policy formulation.
The report of the seminar and a policy
brief will soon be posted on the AERC website www.aercafrica.org.
For more information about this
workshop or AERC, please contact:
The Executive Director
African Economic Research Consortium (AERC)
Middle East Bank Towers, 3rd Floor, Milimani Road
Tel: (254-20) 273-4150 / 273-4157
Fax: (254-20) 273-4173
exec.dir@aercafrica.org
communications@aercafrica.org
