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AfricaJuly 13 2020

Covid-19 could undo Africa's recent progress, says IMF Africa chief

The director of the International Monetary Fund’s African department talks about the organisation's response to Covid-19 and the outlook for Africa.
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Q: How is the spread of coronavirus likely to impact African economies? 

A: Africa is facing an unprecedented health and economic crisis, which threatens to reverse much of the region’s progress over recent decades, and which may also weigh on growth prospects for years to come. Moreover, the pandemic is reaching the shores of the continent at a time when budgetary space is already limited in many countries, complicating the policy response and urgently boosting the need for external assistance.

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