Three weeks before the summit on the financing of sub-Saharan African economies that will take place on May 18 in Paris, French President Emmanuel Macron has called for a “New Deal” for Africa. How to react to a “very strong slowdown” of African economies caused by the Covid-19 crisis? Yesterday’s recipes are ineffective, said Emmanuel Macron, shortly before a luncheon he hosted Tuesday in honor of president of the Democratic Republic of Congo Felix Tshisekedi. The French president advocated the invention of a New Deal for financing Africa before the mid-May summit. According to the IMF, sub-Saharan African countries could face a financing gap of $290 billion by 2023.

Source: The North Africa Journal April 29, 2021 12:56 UTC