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Sub-Saharan Africa, Coronavirus Crisis Calls for Policies for Greater Resilience
updated 3 months, 1 week aktiv.
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For Sub-Saharan Africa, Coronavirus Crisis Calls for Policies for Greater Resilience
World Bank Group
STORY HIGHLIGHTS
- Economies in Sub-Saharan Africa could lose between $37 billion and $79 billion in output losses in 2020 due to COVID-19 (coronavirus), according to a new World Bank regional economic analysis
- The region could face a severe food security crisis, with agricultural production expected to contract between 2.6% and 7%
- The World Bank Group and the International Monetary Fund have called for a “bilateral debt standstill,” which the report notes should be an important part of the global response to soften the impact of COVID-19 on Africa’s poor
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