It goes without saying that no country anywhere can be immune to a crisis of such global reach and unprecedented severity. It is a credit to African decision-makers that their countries found their way back to the path of recovery so rapidly.
4  BIS central bankers’ speeches  In addition to prudent macro-economic policies, growth in Africa has also been propped up by timely financial support from other multilateral agencies apart from the IMF. To shield Africa from the second-round effects of the crisis, the African Development Bank spotted the most vulnerable countries and made emergency finance available.