2009 Financial Crisis Snapshot: Sub-Saharan Africa

May 01, 2009 | CGAP | CGAP
This CGAP snapshot shows that, even though Sub-Saharan Africa is the developing region that is least integrated into the global economy, growth will fall significantly from 5.5 percent in 2008 to 1.7 percent in 2009. Due to its strong savings base, the microfinance sector is less dependent on international debt and equity, but liquidity constraints are still of major concern for microfinance institutions’ (MFIs) managers.