Analysis & Opinion

G20 readies limited extension of debt relief for poorest nations

“The G20 group of wealthy nations is preparing to extend its offer of debt relief for the world’s poorest countries into next year, but faces a growing chorus of criticism for its limited ambition in the face of a mounting crisis in emerging economies.”

via Financial Times

African Debt: At some point, the hole becomes just too big to fill

“Nigeria, Ghana, Kenya, South Africa, and others have all announced new borrowing initiatives that will only exacerbate the current financial crisis. And what’s worse is that they’re largely planning on using the proceeds from raw material sales to repay those loans. But by the time those loans come due, commodities won’t be nearly as valuable as they are today.”

via The Africa Report

How COVID-19 and low oil prices deferred South Sudan’s annual budget

“The COVID-19 pandemic coupled with low oil prices have drastically affected South Sudan’s financial calendar. For the past few months, South Sudan has been running without an annual budget as the Cabinet approved supplementary budgetary allocations to keep the country running.”

via The East African

What Do Past Shocks to Education Finance Tell Us About the Choices We’ll Face After COVID-19?

“We’ve heard the consistent refrain that the education sector needs to become more resilient to this and future crises, but we’ve heard much less about what that means in practice. Inevitably, it will require identifying tradeoffs and strategizing about how to deal with them in ways that support education outcomes, especially for students and families most likely to be affected.”

via Center for Global Development

From Overall Fiscal Space to Budgetary Space for Health: Connecting Public Financial Management to Resource Mobilization in the Era of COVID-19

“In low- and middle-income countries, 70% of budgetary space for health is driven by changes in overall public expenditure, while about 30% is directly attributable to the share of the budget allocated to health. Public financial management improvements can maximize or even enlarge budgetary space for health.”

via Center for Global Development

Emerging economies plead for more ambitious debt relief programmes

“Financial assistance for cash-strapped governments has so far fallen well short of what is needed — and of what advanced economies have been willing to do for themselves — according to critics.”

via Financial Times

African women, children pay the highest price to COVID-19

“Reductions in the use of maternal and child health services due to the pandemic are a tragedy of yet unforeseen proportions. Until risk management and mitigation strategies are put in place at all levels of the health system, the indirect impacts of COVID-19 on women and children will be overwhelming.”

via The New Times

Overcrowding and pandemic risk hotspots in Rwanda

“The COVID-19 pandemic has placed a spotlight on urban density, particularly in developing cities, where overcrowding in unplanned settlements makes it near impossible to practice adequate social distancing. Evidence has shown that overcrowding – and not density – is a risk factor for respiratory diseases such as COVID-19.”

via International Growth Centre

Vacation in Maasai Mara during COVID-19

“Through the COVID-19 conservation programme Adopt-an-Acre, patrons are invited to adopt an acre for approximately $35 a year, redeemable for a safari. So far, the initiative has generated a huge sum of revenue. With tourism quite low, most workers at the community-owned conservancies have been temporarily laid off. Adopt an-Acre ensures communities are paid.”

via Daily Monitor

Ghanaian finance minister: Africa deserves more COVID-19 help

“Africa has recorded more than 1.5m cases and counting, though in terms of infections and deaths, we have fared better than most regions. Our economies, however, have not been spared. Across the continent, governments are facing falling revenues, rising expenditures, increasing debt distress, and significant reversals in development indicators.”

via Financial Times