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AfDB COVID Strategy

THE AFRICAN DEVELOPMENT BANK GROUPS COVID-19 RAPID RESPONSE FACILITY (CRF): An innovative, scalable and debt-sensitive approach to assisting regional member countries deal with the crisis

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  • Détails du fichier
  • Size: 25MB
  • Créateur / Auteur : Joan Addedis
  • Type de ressource : Africa Capacity Report
  • # Télécharger: 254
  • Accéder: Open to Download

January, 2020

Télécharger des fichiers
AfDB COVID Strategy.pdf
Informations de base
Créateur / Auteur
AfDB
Source / Éditeur
The African Development Bank
Type de ressource
Nombre de pages
29
Détails géographiques et d'audience
Couverture géographique
Classification et domaines
Objet
COVID 19
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Résumé

The impact of the COVID-19 pandemic on Africa is likely to be unprecedented in nature and scale. Based on the experience of other regions facing more advanced epidemics, Africas public health systems are expected to come under severe stress in dealing with the sharp rise in critical care needs. The preventive measures the World Health Organization (WHO) is urging African countries to implement are likely to impact heavily on trade and business, leading to many workers particularly those in insecure and informal employment being unable to pursue their livelihoods, and placing national social protection systems under great pressure. The economic effects of the global crisis will be felt through multiple channels, including reduced trade, financial flows, tourism and declining prices of oil, gas and other commodities. Many African countries particularly those already dealing with high levels of debt may face sharp increases in their fiscal and current account deficits, constraining their ability to respond to the COVID-19 crisis and manage its wider economic impacts. The African Development Bank Group is ready to provide fast, flexible and effective responses to lessen the severe economic and social impact of the COVID-19 on its regional member countries including the private sector.
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Mots-clés

COVID 19 Pandemic
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