Economics
UN Sees Africa Sliding Into Recession Without Debt Help
- African finance heads say $100 billion stimulus package needed
- UN says debt pardon an option if virus wrecks economies
A healthcare worker pumps sanitizing hand gel onto the hands of a visitor at a health screening desk outside the entrance to Netcare Pretoria East Hospital in Pretoria.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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Africa could fall into recession this year if multilateral lenders and investors don’t help the continent waive debt-servicing costs that could be used to halt the spread of the coronavirus, according to the United Nations.