How can African countries “build forward,” not build back, after COVID-19? Our panel of experts shares their thoughts on creating more resilient and more prosperous economies across the continent.
Milken Institute Analysis
“We examine the different fiscal stimulus measures African governments have deployed in an effort to combat the economic repercussions of this global pandemic.”
COVID-19 Africa Watch talks to McKinsey’s Chairman for the Africa region, Acha Leke, about government responses to COVID-19, the support needed for SMEs, and debt sustainability.
“What is the role of the private sector in economic growth in Nigeria, especially when it comes to economic recovery and transformation after the pandemic?”
“It is worth considering what it would take for any of these strategies to work, and more crucially, whether the current pandemic and the global after-shock affect how they might be implemented.”
A new survey of over 1,000 African civil society organizations across 44 countries shows the profound impacts the COVID-19 pandemic is having on the sector.
In response to COVID-19, African central banks have deployed a variety of monetary policy tools, including lowering policy rates, reducing capital requirements, providing various liquidity support measures to the banking sector, allowing loan deferrals and refinancing frameworks for distressed firms, and introducing new support measures mobile money and digital finance.
Milken Institute Chairman Michael Milken discusses the IMF’s response to COVID-19 with Managing Director Kristalina Georgieva.
“We look at mobility data from Google to see how effective four East African countries have been in reducing social interaction in line with the kind of suppression strategies health experts were recommending at the start of the COVID-19 pandemic.”
“Despite its global nature, the impacts of COVID-19 are not evenly distributed. The health, economic, social and political effects are hitting women harder across the globe, and across the African continent. It is time then to both understand and respond to this pandemic in a gendered way and to ensure that women lead the recovery efforts from the local to the national level.”