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Contribution MsM FM 2009: How will the financial crisis affect our business/lives. And, of course, are there new chances? Members 'Group 2': Clement Apinaba (completed the MsM FM 2009 course with 'Distinction') mailed me at 1th of May 2009. He added the presentation of group 2 and included some interesting remarks about the financial crisis: We here have recorded low remittances, hence high demand for the major foreign currencies thereby pushing the exchange rate very high and making imported goods very expensive. Low inflow of Donor funds hence the widening of our budget deficit making cost of domestic borrowing very high due to greater pressure on domestic borrowing by government. Most of our citizens working abroad are now coming back home with its resultant increase in unempolyment levels. The length of these impacts are uncertain but l have realized individuals and entities are cutting expenditure for the fear of future uncertainties. Undoubtedly, inflation rate is increasing daily. Presentation:
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