Analysis & Opinion

Further Thoughts on the Economic Implications of COVID-19

“One major lesson of past recessions is that monetary policy alone is less successful than combined fiscal stimulus packages. The G-20 should meet (virtually) on an emergency basis and agree on such a program of demand stimulus, and the IMF Board should agree on the SDR allocation.”

via GWSB Growth Dialogue

ECA estimates billions worth of losses in Africa due to COVID-19 impact

“The Economic Commission for Africa (ECA) on Friday warned the unfolding coronavirus crisis could seriously dent Africa’s already stagnant growth with oil exporting nations losing up to US$ $65 billion in revenues as crude oil prices continue to tumble… The ECA estimates COVID-19 could lead to Africa’s export revenues from fuels falling at around US$101 billion in 2020.”

via Economic Commission for Africa

The Impact of COVID-19 on Key African Sectors

“Economically, the effects have already been felt – demand for Africa’s raw materials and commodities in China has declined and Africa’s access to industrial components and manufactured goods from the region has been hampered. This is causing further uncertainty in a continent already grappling with widespread geopolitical and economic instability.”

via Baker McKenzie

Anticipating Coronavirus in West Africa

“Nigeria CDC leader Chikwe Ihekweazu discusses outbreak detection, preparedness, response, and COVID-19 in Africa.”

via Think Global Health

How Africa can quell the next disease outbreaks

“Africa’s ambitious plans to establish free trade and travel across the continent will increase movement even more. Although economically advantageous, these plans could set the stage for HIV, Ebola, pandemic influenza, chikungunya, plague, Lassa fever and antimicrobial-resistant bacterial infections to spread farther and faster.”

via Nature

Making the case for African investment in research

“An increased focus on science education and research training could pay enormous dividends that would fuel the continent’s economic engine, while also generating discoveries that improve health.”

via Fogarty International Center

Africa is sitting on a ticking time bomb—$35 billion worth of Eurobond debt

“Many of Eurobonds will mature between 2021 and 2025. It will require sub-Saharan African countries to repay an average of just under $4 billion annually in that period. But they are already currently bleeding a rising total of just over $1.5 billion in annual coupon payments on these Eurobonds.”

via Quartz Africa