COVID-19 and migrant remittances: Supporting this essential lifeline under threat

“Facilitating remittance flows is one of the best ways to directly support people in need, provide an economic boost to countries, and thereby quicken an international recovery.”

via Brookings Institution

DRAWing away from the curriculum of the past

“With only about 40 percent of Nigeria having access to the internet, and 50 percent of the population having limited or no access to the electricity grid, the current prospects of digital technology for education during this crisis are slim. However, the digital divide is more than just an infrastructure divide—it is also a literacy divide.”

via Brookings Institution

Crisis? What crisis? COVID-19 and the unexpected recovery of regional trade in East Africa

“In June, after several months of sharp declines, trade volumes recorded their biggest monthly rise on record, with a 7.6 percent increase. East Africa may be shadowing these global trends.”

via Brookings Institution

Young Africans need more and better jobs, not more training

“Acknowledging that supply-side interventions alone do not foster broad-based job creation opens up space to think about a new generation of programs. In many cases these will include industrial policy to increase labor-intensive manufacturing and services, urgently needed infrastructure investments, better regional integration, and social protection mechanisms like cash transfers or basic incomes.”

via Brookings Institution

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

The role of good governance in fostering pro-poor and inclusive growth

“Despite the positive narrative around the significant decline in extreme poverty around the world, not all the news is good. Still today more than 700 million people live with less than $1.90 a day, more than 72 percent of them in Africa.”

via Brookings Institution

The ABC triangle: Putting the AfCFTA, Brexit, and COVID-19 to work for Africa

“The entry into force of the African Continental Free Trade Agreement (AfCFTA) on May 30, 2019, the official withdrawal of the U.K. from the European Union (Brexit) on January 31, 2020, and the COVID-19 pandemic in which we are currently mired. If policymakers act fast to seize the opportunities that this ‘ABC’ triangle of events offer and reset U.K-Africa trade relations, a win-win partnership can emerge.”

via Brookings Institution

Economic impact of COVID-19: Protecting Africa’s food systems from farm to fork

“Receiving less public attention, and yet also putting at risk lives and livelihoods, is the likelihood that COVID-19 and the associated economic challenges will spill into an African food crisis if the food system cannot cope. Half of Africans already face food insecurity, of which 50 percent are severely food insecure, while the number of people who are hungry is likely to double in 2020.”

via Brookings Institution

China’s debt relief for Africa: Emerging deliberations

“To date, the Chinese government has made two specific commitments on debt relief. The first was the G-20 Debt Service Suspension Initiative for Poorest Countries reached by finance ministers and central bank governors on April 15.”

via Brookings Institution

AfCFTA could significantly mitigate COVID-19’s economic impact in Africa

“COVID-19 is, at the same time, both a supply shock and demand shock. Given the magnitude of both shocks, the COVID-19 crisis may lead to an significant reorganization of global value chains, perhaps leading to a higher reliance on regional value chains.”

via Brookings Institution