Crisis and Opportunity

The severity of the crisis facing economiesaround the world can be related to theimportance of trade and financial flows; eveninto African economies. This is particularly truefor small, open economies like Liberia. It is estimatedthat by the end of 2009, African economieswill lose up to $49 billion. This includes an expectedfall in donor aid, export earnings and declinein remittances from the African diaspora.