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 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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
‘Cedi’s rally isn’t a blip, but it’s not sustainable,’ says Prof Bokpin
45 minutes -
Private involvement in ECG urgent or sector may collapse, says Prof. Bokpin
2 hours -
‘Energy crisis beyond politics’ – Prof Bokpin urges urgent reform under IMF mandate
2 hours -
Faith Ladies come from behind to beat Jonina Ladies to win Women’s FA Cup
3 hours -
‘ECG’s collection losses at 15%, distribution at 40% not sustainable’ – Prof Bokpin warns
3 hours -
‘You’re not powering an 8-Hour economy, but promising 24 Hours?’ – Prof Bokpin on energy sector failures
4 hours -
Gary Lineker expected to leave the BBC
4 hours -
Pope Leo XIV calls for unity at inaugural mass and meets Zelensky
4 hours -
Kenya’s ex-justice minister ‘deported’ from Tanzania
4 hours -
‘I was refused service in a cafe because of my face’
5 hours -
Alcaraz ends Sinner’s streak to win Italian Open
5 hours -
A tale of nine points, the 99th minute – how Ajax blew title
5 hours -
Syria thanks King Mohammed VI for decision to reopen Moroccan embassy in Damascus
5 hours -
Neither EU nor any of its member states recognise so-called ‘SADR’ – Spokesperson reaffirms
5 hours -
Publicis West Africa, Empire Marcomm forge strategic alliance to transform marketing innovation
6 hours