Communiqué - African Ministers of Finance - Immediate call for $100 Billion support and agreement the crisis is deep and recovery will take much longer

In the context of the outbreak of the coronavirus in Africa, the second online meeting of the African Ministers of Finance took place on 31 March 2020, following the first meeting on 19 March 2020. At that time, 633 cases of the virus were confirmed, in 35 countries with 17 deaths. As at 31 March 2020, that number had risen to 5,318 confirmed cases and 175 deaths across 46 countries. Algeria, Egypt and South Africa are the three countries most affected. The Ministers confirmed that appropriate measures were being put in place to mitigate the spread and negative effects of corona virus disease 2019 (COVID-19). They emphasized that the priority was to save lives by continuing efforts to raise awareness, managing the social consequences of social distancing and lockdowns, focusing on the most vulnerable population groups. The meeting focused on five main issues, the health and human crisis; the need for debt relief and fiscal stimulus for all countries; liquidity relief to the private sector and in particular the service sectors, tourism, airlines and SMEs; call for coordinated trade policy environment; and finally the use of ICT to better manage the crisis from awareness, to support, to accountability and transparency.

Bibliographic Details

Format:	Press release biblioteca
Language:	eng
Published:	2020-04
Online Access:	https://hdl.handle.net/10855/44509
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