Experts: African Economies Need Massive Support to Weather Coronavirus - News Summed Up

Experts: African Economies Need Massive Support to Weather Coronavirus


A number of African economies are among the world’s fastest growing in recent years. A man walk past a closed shop in compliance with a seven-day partial shutdown by the state government to combat the spread of the COVID-19 coronavirus in Lagos, on March 27, 2020. Experts say other key African exports, such as cocoa, rubber and timber, will also be affected. “This crisis should be for the African countries, governments, an occasion to engage in proactive policies of economic diversification," Bossard said. "They cannot afford to keep so dependent on raw material exports.”However, Bossard and others say the outside world must step up — not just with humanitarian aid but with broader support for African economies.


Source: Ethiopian News March 28, 2020 21:22 UTC



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