The Post-COVID-19 Economic Challenges for the African Continent
The post-pandemic world will be a less forgiving one, writes Professor Danny Leipziger on African debt distress in the wake of COVID-19.
Côte d’Ivoire: An Additional $35 Million to Respond to the Coronavirus Pandemic
Global Response Cote d'Ivoire World Bank Press release by John Schellhase“The World Bank and the Government of Côte d’Ivoire signed today a $35 million credit agreement from the International Development Association to scale up efforts to combat the COVID-19 pandemic in the country.”
COVID-19: Impacts on African economies – economic challenges and social safety net responses
Analysis and Opinion Benin / Botswana / Cote d'Ivoire / Egypt / Gambia / Guinea / Mauritius / Rwanda / Senegal / South Sudan PEGNet Report/Study by John Schellhase“This brief explores evidence on these effects and the most vulnerable countries in the ‘direct’ and ‘indirect’ categories. It also provides a summary of actions that African governments have taken as well as four ‘innovative ideas’ to consider in future, especially to continue poverty reduction and sustainable development, as part of Africa’s COVID-19 recovery plan and in partnership with development actors, including China.”
Côte d’Ivoire issues first COVID-19 social bonds seeking $297 million
Latest Developments Cote d'Ivoire Making Finance Work for Africa Article/Blog post by John Schellhase“On April 27, the Ivorian government will issue the first COVID-19 social bonds on the WAEMU securities market, seeking a total of CFA180 billion (about $297 million). The operation will consist of 3-month Treasury bills (BATs) at multiple rates less than or equal to 3.75%.”
President Bio and ECOWAS leaders lay out strategy to combat COVID-19 in West Africa
Latest Developments Benin / Burkina Faso / Cote d'Ivoire / Gambia / Ghana / Guinea / Guinea-Bissau / Liberia / Mali / Niger / Nigeria / Senegal / Sierra Leone / Togo Sierra Leone Telegraph Article/Blog post by John Schellhase“ECOWAS Heads of States, including president Julius Maada Bio of Sierra Leone who is currently on a 14 days self-isolation for covid-19, yesterday held an Extraordinary Summit Meeting via video conferencing to discuss how to combat the exponential spread of the virus across the region, with over 6,000 people now confirmed to have contracted the virus in West Africa.”
Living with the virus
Analysis and Opinion Cameroon / Central African Republic / Chad / Comoros / Cote d'Ivoire / DRC / Eritrea / Guinea-Bissau / Kenya / Lesotho / Mali / Namibia / Nigeria / Rwanda / Sao Tome and Principe / Seychelles / Sierra Leone / South Africa / South Sudan / Sudan / Tanzania / Uganda New African Article/Blog post by John Schellhase“But cautious optimism should be the watchword - some experts claim that the disease is secretly coiling its way through African societies and that when it raises itself to its full dreadful height, a nightmare could ensue.”
Macro Notes: Sharp Growth Slowdown in Sub-Saharan Africa
Analysis and Opinion Cote d'Ivoire / Ethiopia / Ghana / Kenya / Nigeria / South Africa IIF Report/Study by John Schellhase“The COVID-19 shock is responsible for the most rapid global slowdown in economic activity on record, surpassing even the global financial crisis. Sub-Saharan Africa—until now the outlier in a world of increasing EM secular stagnation—will be impacted significantly in 2020.”
IMF Executive Board Approves a US$886.2 Million Disbursement to Côte d’Ivoire
Global Response Cote d'Ivoire IMF Press release by John Schellhase“The Executive Board of the International Monetary Fund (IMF) today approved a disbursement under the Rapid Credit Facility (RCF) equivalent to SDR 216.8 million (about US$295.4 million, or 33.3 percent of quota), and a purchase under the Rapid Financing Instrument (RFI) equivalent to SDR 433.6 million (about US$590.8 million or 66.7 percent of quota), total amount of about US$886.2 million.”
Webcast: COVID-19 and Africa: On-the-Ground Perspectives from Five African Countries
Latest Developments Cote d'Ivoire / DRC / Ethiopia / Libya / South Africa Wilson Center by lydia“As in other parts of the world, the pandemic has upended the lives of millions on the continent, while raising questions about the continent’s ability to manage the pandemic and concerns about both the short and long-term socio-economic, peace, and security impacts of the virus. Please join us as we bring you perspectives from five African countries—South Africa, Libya, Ethiopia, the DRC, and Côte d’Ivoire—to learn how COVID-19 is unfolding in these countries.”
Watching the spread of coronavirus in Côte d’Ivoire
Latest Developments Cote d'Ivoire Atlantic Council by lydia“The number of confirmed cases of COVID-19 continued to increase in Côte d’Ivoire, rising to nine on March 19. The government responded by announcing the cancellation of all international flights arriving at Abidjan Airport, along with the closure of land and maritime borders. Quarantines were also mandated for Ivorians returning to the country.”
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