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Submitted by Pedro on
Shanta, I couldn't agree more that policy has never been better in Africa, but I do think that the framework of the last decade has not been truly tested. The GFC was an exogenous shock (from the point of view of Africa) and widely viewed as such. Nor have its effects been long-lasting: commodity prices fell sharply but recovered quickly, and I would say the liquidity on which the continent has counted is very much a function of commodity prices, even if indirectly. How solid is the political support for orthodox policy if we see the global stagnation dragging on for a few years?