Policy Instruments to Manage Global Shocks

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Policy Instruments to Manage Global Shocks Economic Growth Forum V FY 202122 (January 13, 2022) Michael Atingi-Ego Deputy Governor Overview of global shocks Global shocks can originate from the financial world, cyberspace, biological and

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Policy Instruments to Manage Global Shocks Economic Growth Forum V – FY 2021/22
(January 13, 2022) Michael Atingi-Ego
Deputy Governor<br>
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Overview of global shocks Global shocks can originate from the financial world, cyberspace, biological and solar systems.

The growing interconnectedness of the global economy, through financial and trade linkages, has created conditions for rapid and widespread disruptions from shocks.

For low-income countries, because of limited diversification, pre-existing structural inefficiencies and narrower fiscal space, any adverse shocks, even temporary ones, can have profound impact on the economy.
There is therefore need for effective policies and instruments to manage shocks. 2<br>
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Policies and instruments to manage global shocks 3 i). Ex-ante policies & instruments ii). Ex-post policies & instruments<br>