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Africa: When It Rains It Pours - COVID-19 Exacerbates Poverty Risks in Poorest Countries
allAfrica, 4 May 2020
As the number of COVID-19 cases continues to rise in Africa and Southern Asia, and the global economy enters a synchronized recession unseen since the Second World War, the world's… Read more »
COVID-19 Exacerbates Poverty Risks in Poorest Countries
As the number of COVID-19 cases continues to rise in Africa and Southern Asia, and the global economy enters a synchronized recession unseen since the Second World War, the world's poorest countries brace for yet another shock that threatens to deepen global inequalities and exacerbate an already challenging situation, write Paul Akiwumi and Giovanni Valensisi.
InFocus
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A number of rating agencies have downgraded emerging market economies during the COVID-19 pandemic. This is not the first time ratings agencies have adopted a procyclical approach ... Read more »
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Researchers at the African Union believe the continent will slip into a recession this year due to a huge fall in global oil prices and the impact the novel coronavirus pandemic ... Read more »
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The International Monetary Fund and the World Bank are putting measures in place to assist smaller nations who are struggling with existing debt and whose circumstances have ... Read more »
