The Group of Twenty (G-20) leaders April 2009 meeting in London ended with significant pronouncements on how to end the ongoing global economic downturn. The G-20 leaders agreed that the current economic woes have spread to every country in the world and that  collective global action is necessary to resolve the crisis. In short, "a global crisis requires a global solution." In this review, I discuss whether Africa will benefit significantly from the G-20 agreement.

G-20 Agreement

The G-20 leaders agreed to reorganize the global financial system so as to reinvigorate credit lending processes worldwide. They agreed to strengthen regulations in the financial industry, including for the first time, establishing oversight of the hedge fund industry. They also agreed to reform international financial institutions so that these organizations can proactively deal with the c ... Read more »