News & Analysis: Cote d'Ivoire

Macro Notes: Sharp Growth Slowdown in Sub-Saharan Africa

“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.”

via IIF

IMF Executive Board Approves a US$886.2 Million Disbursement to Côte d’Ivoire

“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.”

via IMF

Webcast: COVID-19 and Africa: On-the-Ground Perspectives from Five African Countries

“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.”

via Wilson Center

Watching the spread of coronavirus in Côte d’Ivoire

“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.”

via Atlantic Council

Pandemic at the Polls

“Sub-Saharan Africa is facing the twin challenges of surging COVID-19 infections and a packed electoral calendar. The region is expected to hold as many as 16 polls by the year’s end… African governments—similar to global counterparts, including the United States—will have to weigh the tradeoffs between public safety and democratic imperatives.”

via CSIS

Video: Coronavirus in Africa: How prepared is the continent?

“After originating in Asia, reaching Europe and Northern America, COVID-19 is now quickly spreading across the African continent. The number of confirmed cases in Africa shot past the 2,000 mark, but the true number of cases is mostly unknown as mass testing has not been rolled out. The majority of the continent’s 54 countries have registered infections.”

via DW News

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