Prognosis
Africa Seeking Another $44 Billion to Fight Coronavirus
- Virus will erase 10 years of progress in development
- Sub-Saharan Africa’s economy forecast to contract 3.2% in 2020
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Of the more than $110 billion in additional funding that sub-Saharan Africa will need this year to fight the coronavirus pandemic, $44 billion has not been financed yet even after several countries have taken up emergency loans and debt-service relief initiatives, according to the International Monetary Fund.