Impact of Global Financial Crisis on IDB Member Countries: The Case of Gulf Cooperation Council and Sub-Saharan Africa

December 2008
Pakistan Development Review;Winter2008, Vol. 47 Issue 4, p583
Academic Journal
The article discusses the impact of the global financial crisis on member-countries of Islamic Development Bank (IDB). It mentions that in the more developed Gulf Cooperation Council (GCC) which includes Bahrain, Kuwait, Qatar and Saudi Arabia, public spending in infrastructure and boosting domestic demand are expected despite the sharp decline in oil prices. The article also informs that in the case of the 22-country Sub-Sahara Africa (SSA) region, economic slowdown is projected due to reduced export demand, lower commodity prices and lower remittances.


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