Big StoryNews

COVID Pushing 30 Million Africans Into Poverty – IMF

1 Mins read

The International Monetary Fund (IMF) has warned that more than 30 million people in sub-Saharan Africa are being pushed into poverty by the economic impact of the coronavirus pandemic.

It has called on wealthier nations to help African countries get better access to vaccines.

The IMF estimates that some African countries – aiming to vaccinate 60% of their populations – will need to increase their health spending by 50%.

Last year, economies in sub-Saharan Africa contracted by almost 2% – the worst year on record.

The lockdowns have hurt businesses – from market-stall holders to tourist resorts and multinationals.

Having a young population seems to have helped protect the continent from the coronavirus.

But with Africa’s population growing so fast, vast numbers of young people need work.

So the lockdowns need to end as soon as possible and the vaccines rolled out quickly to reduce the economic impact across the continent.

The IMF estimates that they will recover this year with a growth spurt of 3.4%, although all other regions in the world are expected to experience greater economic growth.

BBC

Related posts
News

Government Communicators Urged To Counter Disinformation

3 Mins read
The Assistant Resident City Commissioner (RCC) of Arua, Judith Bako, has called for stronger collaboration between Government communicators and security agencies to…
Big Story

Minister Anywar Calls for Stronger Climate Action at UWEWK 2025

2 Mins read
The Minister of State for Environment, Hon. Beatrice Atim Anywar, has urged for more decisive action in addressing climate change. Speaking at…
News

Chinese National Arrested in Uganda’s Illegal Gambling Bust

1 Mins read
A Chinese national is in police custody following a major crackdown on illegal gambling operations in Uganda. Authorities seized a massive haul…