Today News Africa
  • Top Stories
  • Presidents
  • USA
  • White House
  • Health
  • Economy
  • Human Rights
  • More
    • African Ambassadors to U.S.
    • U.S. Ambassadors to Africa
    • African Women
    • African Men
    • Expert opinion
    • todaynewsafrica@protonmail.com
    • China
No Result
View All Result
  • Login
  • Register
Watch TV
Subscribe
Donate
Today News Africa
  • Top Stories
  • Presidents
  • USA
  • White House
  • Health
  • Economy
  • Human Rights
  • More
    • African Ambassadors to U.S.
    • U.S. Ambassadors to Africa
    • African Women
    • African Men
    • Expert opinion
    • todaynewsafrica@protonmail.com
    • China
No Result
View All Result
  • Login
  • Register
Watch TV
Subscribe
Donate
Today News Africa
No Result
View All Result
  • Login
Watch TV

As African countries enter recovery phase, what support will they receive from international institutions?

Henry Kohn by Henry Kohn
1 year ago
IMF Managing Director Kristalina Georgieva at the International Monetary and Financial Committee IFMC Plenary meeting held at IMF Headquarters during the 2019 IMFWorld Bank Annual Meetings

IMF Managing Director Kristalina Georgieva at the International Monetary and Financial Committee (IFMC) Plenary meeting held at IMF Headquarters during the 2019 IMF/World Bank Annual Meetings

492
SHARES
1.4k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

“There is a very interesting story of women as entrepreneurs outperforming men, yet they have six times less access to financing. So, open up space for women and they would carry you forward, great for them, great for Africa,” said Kristalina Georgieva, Managing Director of the IMF. In this context, “open up space” means increasing access to financing, credit, and opportunities. The Covid-19 crisis has hit women especially hard as they are more likely to work in jobs that require in-person contact, work in the informal economy, spend more hours of the day managing households, and now must also see to their children’s education. At the macro level, could the same be said about countries, especially those in sub-Saharan Africa?

Africa, the world’s second largest continent and with historically low population density, has for decades experienced a dearth of space, of the fiscal kind. Though they have continued to grow, the economies of the world’s fastest growing region by population have not keptpace. Before the public health and economic crisis wrought by Covid-19, many countries in sub-Saharan Africa – and 40% of low-income countries – were already experiencing debt distress and lacked sufficient mechanisms for generating fiscal revenues (job creation and tax collection). According to the IMF, the region’s economy contracted 2.6 percent in 2020, its first recession in 25 years. Now, the region is projected to grow just 3.3 percent, far less than the estimated global 5.5 percent in 2021.

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now
President Cyril Ramaphosa addresses Basic Education Lekgotla This annual event will be held under the theme Equipping Learners with Knowledge and Skills for a Changing World
Health

President Cyril Ramaphosa of South Africa congratulates self: ‘For the first time in over two years, the country does not have any COVID restrictions in place’

by Opinion contributor
June 27, 2022
1.4k
A burnedout classroom in the government primary school in Molyko Buea SouthWest Cameroon destroyed by suspected separatist fighters on February 7 2022 © Private February 8 2022 Buea SouthWest region Cameroon
CAMEROON

Human Rights Watch accuses Cameroon separatists of ‘killing’, ‘raping’, ‘terrorizing’, and ‘kidnapping’ civilians in Anglophone regions, then ‘burning’ schools and ‘attacking’ a university

by Simon Ateba
June 27, 2022
1.4k
Tanzania
education

African court set to rule on landmark case on Tanzania’s discriminatory ban against pregnant students that could impact rights of girls across Africa

by Today News Africa
June 26, 2022
1.4k
President Joe Biden delivers remarks at a Cinco De Mayo reception Thursday May 5 2022 in the Rose Garden of the White House Official White House Photo by Cameron Smith
Africa

United States investing in new Senegal vaccine manufacturing facility and $2 billion Angola solar project, says Biden

by Noah Pitcher
June 26, 2022
1.5k

About

  • Advertise with us
  • Corporate information
  • Compliance
  • Partners

News

  • Breaking News
  • Investigations
  • Special Segments
  • What’s hot?

Countries

  • Ethiopia
  • Nigeria
  • Angola
  • Cameroon
  • Ghana
  • South Africa
  • Kenya
  • Mozambique
  • Cape Verde
  • Zimbabwe
  • Eritrea
  • Others

TV

  • YouTube channel
  • Podcasts
  • Show
  • Show Clips
  • News Clips
  • Special Report

Politics

  • Politics
  • foreign Policy
  • The White House
  • The African Union
  • African Presidents
  • African Ambassadors in U.S

News

  • Breaking News
  • Investigations
  • Special Segments
  • What’s hot?

Health

  • Health
  • Coronavirus
  • Drug Manufacturers
  • WHO
  • Africa CDC
  • Top African Hospitals
  • Top African Doctors
  • Top African Scientists
  • African Healthcare

Business

  • Top Companies in Africa
  • Top African CEOs
  • Top American CEOs in Africa
  • African Entrepreneurs
  • Real Estate
  • Trade
  • IT
No Result
View All Result
  • Top Stories
  • Presidents
  • USA
  • White House
  • Health
  • Economy
  • Human Rights
  • More
    • African Ambassadors to U.S.
    • U.S. Ambassadors to Africa
    • African Women
    • African Men
    • Expert opinion
    • todaynewsafrica@protonmail.com
    • China

© Copyright 2022: All Rights Reserved | Today News Africa L.L.C. | Headquartered in Washington D.C.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
error: Alert: Share This Content !!