News & Analysis: Malawi

“Drastic rise” in Malawi’s suicide rate linked to COVID-19 economic downturn

“Malawi is seeing a sharp rise in suicide rates this year, with some attributing it to the economic stresses of the COVID-19 pandemic. Malawi police service reports an increase of as much as 57% on the same period last year.”

via The Guardian

IMF Executive Board Approves an Additional US$101.96 Million Disbursement under the Rapid Credit Facility for Malawi to Address the COVID-19 Pandemic

“The additional IMF financing will help fill part of the resulting increased external financing gap and provide the fiscal space needed to address critical spending needs. The authorities are committed to transparency and accountability to ensure that the RCF resources are used appropriately.”

via IMF

No COVID-19 lockdown still threatens livelihoods and trade in Malawi

“Rumours about the virus, combined with the economic damage and loss of jobs from its containment, have invited much comment and significant panic among people across the country, and for the people in Chikwawa what they most need is change.”

via Africa at LSE

COVID-19 in Africa: Now comes the harder work

“When compared to the economies of the G20 and the multilateral banks’ capital bases, the US$68 billion needed for Africa is insignificant. But it could save hundreds of lives. The time is now for stronger and prolonged action by the international community.”

via Development Reimagined

Africa’s catastrophic COVID-19 response

“As COVID-19 began to sweep across the planet earlier this year, countries on the African continent rushed to follow the lead of rich nations that were visibly struggling to cope with pandemic. Many closed borders, shut businesses and locked down citizens. Such actions won praise from global health bodies. Yet were blunt lockdowns really the right approach in Africa?”

via Unherd

Africa’s agricultural sector faces up to COVID-19 crisis

“African farmers have begun to experiment with apps and new technologies. Meanwhile, policymakers and relief organisations are refocusing on food production and provision. Pioneering policymakers are prioritising food security and shifting to clean energy sources, such as hydroelectric and solar.”

via African Business Magazine

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

“‘This project is an important element of the World Bank Group’s response to COVID-19 in Malawi, from relief, through re-structuring, towards ensuring a resilient recovery. This project contributes to relief efforts, with a clear focus on helping communities and businesses persist and find new opportunities.'”

via World Bank

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

“The World Bank Board of Executive Directors recently approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises in Malawi, including addressing the negative economic effects of COVID-19.”

via World Bank

The AfCFTA’s effects on trade and wages in Africa

“AfCFTA, if implemented fully, could boost regional income by $450 billion, bring 30 million people out of extreme poverty, and raise the incomes of 68 million others who live on less than $5.50 a day.”

via Brookings Institution

Southern Africa: Why risk financing is critically important during COVID-19 recovery

“We don’t know how long the COVID-19 pandemic will last, but the prospect of finding an effective vaccine is likely. In contrast, the risk of climatic shocks remains. Many countries in the Southern Africa region have taken the first steps in increasing their financial preparedness to respond to shocks.”

via World Bank