Tag: Development finance

IMF Emergency Funding in the face of the COVID-19 pandemic

IMF Emergency Funding in the face of the COVID-19 pandemic

14 May 20  Publications
The COVID-19 (Coronavirus disease 2019) pandemic is an unprecedented crisis facing the world and the global economy. Its social, welfare, health and economic consequences have been...
A new normal: UN lays out roadmap to lift economies and save jobs after COVID-19

A new normal: UN lays out roadmap to lift economies and save jobs after COVID-19

04 May 20  News
There will be no return to the “old normal,” governments must act to create a new economy and more jobs. The urgent health crisis that is COVID-19 has created a historic reces...
Three-phased economic response to COVID-19 pandemic

Three-phased economic response to COVID-19 pandemic

22 Apr 20  News
Government has announced a massive social relief and economic support package of R500 billion which amounts to around 10% of Gross Domestic Product (GDP) to mitigate against the bl...
tralac’s Daily News selection

tralac’s Daily News selection

21 Apr 20  News
Tomorrow: President Ramaphosa engages African business leaders on the impact of COVID19 Members of the AU Bureau, other invited Heads of State and/or Government, the African Centr...
UN issues appeal to bolster COVID-19 ‘logistics backbone’ or response could stutter to a halt

UN issues appeal to bolster COVID-19 ‘logistics backbone’ or response could stutter to a halt

21 Apr 20  News
The heads of major UN humanitarian agencies and offices have launched an urgent appeal for $350 million to support global aid hubs to help those most at risk during the COVID-19 pa...
Decisive action in an unprecedented crisis

Decisive action in an unprecedented crisis

18 Apr 20  News
The world is experiencing unprecedented challenges from COVID-19 – the coronavirus pandemic – that could erase development gains for many countries. The pandemic has profoundly...
World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa

World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa

18 Apr 20  News
The World Bank Group and International Monetary Fund on Friday convened African leaders, bilateral partners, and multilateral institutions to spur faster action on COVID-19 respons...
Without adequate protection, estimates show that over 300,000 Africans could lose their lives due to COVID-19 – ECA report

Without adequate protection, estimates show that over 300,000 Africans could lose their lives due to COVID-19 – ECA report

17 Apr 20  News
The Economic Commission for Africa (ECA), in a new report on the coronavirus pandemic, says over 300,000 Africans could lose their lives due to COVID-19. This, as the pan...
Transcript of Sub-Saharan Africa Regional Economic Outlook Press Briefing, April 2020

Transcript of Sub-Saharan Africa Regional Economic Outlook Press Briefing, April 2020

16 Apr 20  News
Extracts from the press briefing held on 15 April 2020 at the IMF-World Bank Virtual Spring 2020 Meetings, with Mr. Abebe Aemro Selassie, Director of the IMF’s African Depar...
Finance Minister Tito Mboweni: Media briefing on economy and Coronavirus (COVID-19)

Finance Minister Tito Mboweni: Media briefing on economy and Coronavirus (COVID-19)

14 Apr 20  News
The Covid-19 pandemic is expected to deepen South Africa's economic woes, and is expected to push the economy into a deep recession during 2020. At a media briefing today, Finance...
Africa’s Response to COVID-19: Key Messages for IMF and WBG Meetings

Africa’s Response to COVID-19: Key Messages for IMF and WBG Meetings

14 Apr 20  News
COVID-19 is a global crisis affecting the whole world. As the days go by the impact of the crisis becomes more visible and more general. Though hit later, Africa is already facin...
Financing for Sustainable Development Report 2020

Financing for Sustainable Development Report 2020

13 Apr 20  News
60 International agencies urge rapid, coordinated response as pandemic threatens to destabilize poor countries’ finances Governments must take immediate steps to prevent a poten...
COVID-19 (Coronavirus) drives Sub-Saharan Africa toward first recession in 25 years

COVID-19 (Coronavirus) drives Sub-Saharan Africa toward first recession in 25 years

09 Apr 20  News
For Sub-Saharan Africa, Coronavirus crisis calls for policies for greater resilience Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbre...
Communiqué of the African Ministers of Finance Second online meeting on 31 March 2020

Communiqué of the African Ministers of Finance Second online meeting on 31 March 2020

08 Apr 20  News
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...
African Development Bank Group unveils $10 billion Response Facility to curb COVID-19

African Development Bank Group unveils $10 billion Response Facility to curb COVID-19

08 Apr 20  News
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic. The Facility...
tralac’s Daily News selection

tralac’s Daily News selection

07 Apr 20  News
Diarise: International Organisation of Employers digital conference, tomorrow, on the impact of COVID-19 on global trade, supply chains and employment The IMF will releas...
Recovery from the Economic Impacts of the COVID-19 Pandemic in Africa: What Role for Trade?

Recovery from the Economic Impacts of the COVID-19 Pandemic in Africa: What Role for Trade?

07 Apr 20  Blog
The economic impacts of the COVID-19 pandemic on African countries will be known only after the situation is brought under control. There will be immediate shocks to livelihoods, a...
UN calls for $2.5 trillion coronavirus crisis package for developing countries

UN calls for $2.5 trillion coronavirus crisis package for developing countries

31 Mar 20  News
The consequences of a combined health pandemic and a global recession will be catastrophic for many developing countries and halt their progress towards the Sustainable Development...
Three things the G20 must do to support Africa in COVID-19 Pandemic

Three things the G20 must do to support Africa in COVID-19 Pandemic

26 Mar 20  News
This is a global crisis affecting the whole world. Africa, however, will be hit harder with a heavy and durable economic toll, which will threaten progress and prospects, widen ine...
tralac’s Daily News selection

tralac’s Daily News selection

25 Mar 20  News
Tomorrow: G20 leaders will convene by video conference to discuss coronavirus Leaders from the Group of 20 major economies will convene a video conference on Thursday to discuss t...