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.
(file photos).
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Africa:
COVID-19 - Africa Needs At Least U.S.$100 Billion Stimulus
New Times, 16 April 2020
African and European Heads of State have said that a huge economic stimulus package of at least $100bn is needed to give African countries the fiscal space they need to devote more… Read more »
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Africa:
Macron Calls for Suspension of Debt to Help Africa Deal With Coronavirus
RFI, 15 April 2020
French President Emmanuel Macron has called for a moratorium on debt to help African countries deal with the Covid-19 pandemic, in an exclusive interview with RFI. Read more »
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Africa:
What Africa Must Do to Mitigate the Damaging Effects of COVID-19
This Day, 10 April 2020
Atiku Abubakar, former Vice President of Nigeria suggests that the COVID-19 pandemic offers a good opportunity for African countries to unite and seek debt forgiveness Read more »
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Africa:
African Presidents Exert Pressure On Loan Waivers, Debt Relief
The Exchange, 25 April 2020
The United Nations Conference on Trade and Development (UNCTAD) is calling for debt deal for developing nations in face of the Covid-19 coronavirus. Read more »
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Africa:
Relieving Africa's Bedridden Debt Servicing Capacity From COVID-19-Induced Economic Debility
Reporter, 25 April 2020
As the novel coronavirus disease (COVID-19) is gradually spreading across sub-Saharan Africa, a precursor of economic trilemma seems to be looming on the horizon. Many economic… Read more »
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Africa:
Africa Needs Debt Relief to Fight COVID-19
Reporter, 18 April 2020
After a slow start, COVID-19 has spread increasingly rapidly throughout Africa, with more than 7,000 confirmed cases and 294 deaths across 45 countries and two territories as of… Read more »
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 »
