The commodities boom has come to an abrupt halt, and this is of particular concern to many African economies given the negativeimpact of reduced trade on Balance of Payments.
1  Panel Members: Mr Kofi Annan (Chair), Mr Tony Blair, Mr Michel Camdessus, Mr Peter Eigen, Mr Bob Geldof, Ms Graça Machel, Ms Linah Mohohlo, Gen Olusegun Obasanjo, Mr Robert Rubin, Mr Tidjane Thiam, Prof Muhammad Yunus, Mr Michael Keating (Director). BIS Review 1/2009  1  Slowing world demand also undermines African countries’ efforts towards diversifying economies away from primary sectors.