Getting a member country's economy back on track |
Dropping Exports Threaten an African Economy |
You are president of a West African nation. Tourists lounge on your country’s gleaming white sand beaches. Europeans dine on shrimp and fish caught in your waters. Your railroad transports goods and materials from the busy port on the coast inland to neighboring countries. But in the halls of the Presidential Palace, you and your advisors know that the economy is struggling. Every year the country borrows more money from foreign banks and friendly governments to finance a growing volume of imports. The value of imports now far exceeds exports. So there isn’t enough foreign exchange to pay the debt and buy the imports. You must act now to make exports profitable once again and prevent economic collapse. |
Call a meeting of your cabinet ministers to discuss the crisis. |