COVID-19: An Unprecedented Threat to Development
Author:
International Monetary Fund. African Dept.
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Language:
English
Print Publication Date:
15 Apr 2020
Keywords:
REO; IMF staff calculation; economic activity; Sub-Saharan Africa; price; IMF country desk survey; liquidity constraint; emerging market bond index; bond index; concessional terms; COVID-19; Oil prices; Commodity prices; Oil; West Africa

Abstract

Sub-Saharan Africa is facing an unprecedented health and economic crisis. One that threatens to throw the region off its stride, reversing the encouraging development progress of recent years. Furthermore, by exacting a heavy human toll, upending livelihoods, and damaging business and government balance sheets, the crisis threatens to slow the region’s growth prospects in the years to come. Previous crises tended to affect countries in the region differentially, but no country will be spared this time.

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Cover Regional Economic Outlook, April 2020, Sub-Saharan Africa
Regional Economic Outlook, April 2020, Sub-Saharan Africa
COVID-19: An Unprecedented Threat to Development
ISBN:
9781513536835
ISSN:
2707-8086
Publication Date:
15 Apr 2020
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781513536835.086
Pages:
29