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Covid-19: five African presidents plead for debt cancellation

2020-05-19T19:29:16.481Z


In an online debate held on Tuesday, they identified priorities to allow the continent to rebound.If the Covid-19 partly seems to spare Africa, the concern on this continent is no less great. The economic consequences of the pandemic promise to be very serious for this region, which could experience a recession for the first time in a quarter of a century. "This episode is the equivalent of the Spanish flu doubled by the crisis of 1929," assured the former business banker Tidjane Thiam, now a ...


If the Covid-19 partly seems to spare Africa, the concern on this continent is no less great. The economic consequences of the pandemic promise to be very serious for this region, which could experience a recession for the first time in a quarter of a century. "This episode is the equivalent of the Spanish flu doubled by the crisis of 1929," assured the former business banker Tidjane Thiam, now a member of an economic think tank set up in April by the African Union, in introduction to a conference by the New York Forum Institute.

Read also: Coronavirus: understand everything about the risks posed by the imposing African debt

Organized online, this debate, which brought together five African presidents, aimed to define priorities to get the African economy out of its slump as quickly as possible. Everyone agrees to ask for significant international aid. “It is a phenomenon that originated outside Africa and yet strikes Africa the hardest. It is therefore natural to help us , said Uhuru Kenyatta, President of Kenya, while

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Source: lefigaro

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