A borrower’s club at macro level based on the principles of microfinance could give African countries the fiscal space they need in the wake of Covid-19.
Covid-19 is hitting the continent hard, but strategies such as asset recycling, continued digitalisation, and stronger regional integration can help ensure that Africa is strong enough to fight back.
Across the world, countries and organisations are getting away with treating Africans as less than human. African governments must do more to protect the lives of their citizens.
Alain Nkontchou was appointed Chairman of Ecobank Transnational Inc in June. In an exclusive interview he discusses the impact of Covid-19 on African economies.
African economies, hit simultaneously by Covid-19 and low commodity prices, are facing a deadly liquidity crisis as governments desperately try to shore up crumbling economies. But, as Hippolyte Fofack explains, there is a neat solution to their problems – IMF Special Drawing Rights.