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US$1M Grant For Storytelling African Issues - Liberia news The New Dawn Liberia, premier resource for latest news
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Why debt relief in Africa is necessary to recover from COVID-19 11 January 2021 8:36PM UTC | By: Amadou Mahtar Ba
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Amadou Mahtar Ba, a member of the Africa Policy Advisory Board of ONE, is sharing why debt relief is crucial for Africa to recover from COVID-19.
The economic and health costs to Africa as a result of the COVID-19 pandemic are unprecedented by any measure. With the death toll rising above 50,000 and more than 2 million confirmed infections so far, the continent has many reasons to be worried.
So far, COVID-19 lockdowns have triggered the first continent-wide recession in 25 years, costing Africa an estimated US$115 billion in lost output and pushing up to 40 million additional people into extreme poverty, according to the World Bank.