4  BIS Review 61/2009  Though budget priorities of donor countries are expected to shift with some impact on donor flows and aid to African economies, the recent G20 summit in London went a long way in reassuring the world and especially Africa on the key issues of financing by the advanced countries and multilateral institutions like the IMF and the World Bank.
Indeed, most of continental Europe (the euro area, Denmark, Sweden and Switzerland) and, as of last January, also Japan have moved towards a much more accommodative monetary policy by introducing negative policy interest rates, and/or negative central bank deposit rates.