The COVID-19 pandemic is taking a heavy toll on São Tomé and Príncipe.
Tourist arrivals came to an abrupt halt in mid-March, externally financed projects are
being delayed, and international supply-chains are disrupted. The challenging
circumstances are further affected by the fragility of the economy and a weak health
Sub-Saharan Africa is struggling to navigate an unprecedented health and economic crisis—one that, in just a few months, has jeopardized decades of hard-won development gains and upended the lives and livelihoods of millions.
International Monetary Fund. Western Hemisphere Dept.
The pandemic continues to spread in Latin America and the Caribbean (LAC), but economic activity is picking up. After a deep contraction in April, activity started recovering in May, as lockdowns were gradually eased, consumers and firms adapted to social distancing, some countries introduced sizable policy support, and global activity strengthened.