I know it seems like I’ve only given you back-to-back COVID-19 updates, but they just keep coming. The following information comes from Africa News.
According to the United Nations Economic Commission for Africa, ECA, Africa will need an emergency economic stimulus of $100 billion to combat COVID-19. Almost half of the funds would come from waiving interest payments, and they would be used to support the continent’s healthcare system. This would give countries the fiscal space to impose social distancing, widen social safety nets, and equip hospitals ahead of time. With Africa accounting for 1% of global health expenditures but carrying 23% of the diseases, this stimulus would help a continent where hospitals have an average of 1.8 beds per 1,000 people.
In a previous post, I highlighted the relief bill passed here in the United States. So I’m sure something similar would be needed on the continent.
To check out the full article, click here. If you have any additional information, feel free to comment below.
Until Next Time…