Moghadam: Good Policies are Safeguards Against Crisis Effects

    Countries with sound policies and those that reduced their financial vulnerabilities before the global financial crisis hit were able to cope better with its effects, the International Monetary Fund found after studying how emerging markets dealt with the downturn. These countries “experienced smaller growth collapses, had more space to take countercyclical policy measures, and are recovering faster from the crisis,” Reza Moghadam wrote in a blog, in description of the report’s findings.

    Overall, the report shows that good policies results in good outcomes, Moghadam said.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.