Corona and the future African economy

A recent study of the African Union predicted that about 20 million people would lose their jobs due to # Corona, and also predicted that African governments may lose between 20% and 301 TP1T in their financial revenues, with the possibility of up to 15% of foreign direct investment disappearing in the continent, and the stagnation / contraction of productive economies For oil in particular on the continent increased by 3% on average. It also expected trade # to decline by 35% from 2019 levels.

This comes at a time when # The World Bank predicts that # Africa, especially Sub-Saharan Africa, will witness an economic recession / contraction of -2.1% to -5.1% this year.
This is closely related to # Goal 8 of the 2030 Sustainable Development Goals (SDGs) to promote inclusive and sustainable economic growth, employment and decent work for all.
The Maat Foundation for Peace, Development and Human Rights calls on the creditor countries to temporarily freeze the # debts of African countries, in accordance with the proposals submitted by many parties. The Foundation also recommends that the file of the expected recession / economic downturn should be placed on top of the African Union's priorities in cooperation with international financial and economic bodies in the coming period.

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