• About
  • Privacy & Policy
  • Terms
  • Contact
Monday, March 8, 2021
Breaking News Nigeria, Latest Nigerian News
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
No Result
View All Result
  • Home
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Review
No Result
View All Result
Breaking News Nigeria, Latest Nigerian News
No Result
View All Result
Home News World

African leaders blast wealthy countries for deserting Africa during pandemic

by Enyi Ominyi
May 19, 2020
in World
0
0
nigeria covid-19 update

An Isolation centre in Bole Chefe in Addis Ababa (Photo Credit: WHO)

Share on FacebookShare on Twitter

African presidents say neglect is an injustice

Wealthy countries are failing Africa, with pledges of financial support and debt relief falling well short of the continent’s needs as it battles the COVID-19 pandemic, several African presidents said on Tuesday.

Developed economies have channelled trillions of dollars into health initiatives and economic stimulus at home. But the presidents – from Kenya, Ivory Coast, Sierra Leone, Senegal and Niger – said they could not afford such measures in their own countries.

“We’re not in a position to protect companies, to preserve jobs. There’s an injustice that is again being exposed by COVID-19,” Senegal’s President Macky Sall said during a virtual roundtable organised by the New York Forum Institute think-tank.

While the continent, with a limited capacity to test, has recorded just a fraction of the world’s coronavirus cases, it has been hit hard by the economic fallout from global trade disruptions, falling oil and commodities prices and the lockdowns deployed to fight the disease’s spread.

Africa has called for a $100 billion stimulus package from wealthy nations, forgiveness of bilateral debt and a suspension of private debt service.

Also, read How Taiwan effectively managed COVID-19: Lessons for Nigeria

“More must be done,” said Ivory Coast President Alassane Ouattara, a former senior official at the International Monetary Fund. “There’s been a selfishness on the part of industrialised nations for decades.”

Last month, the Group of 20 wealthy economies backed an IMF and World Bank call for a suspension of bilateral debt service for the world’s poorest countries.

Not all African countries qualify for the initiative however, and some that do have not requested relief fearing it could impact future access to capital markets. Lenders, meanwhile, have shown little appetite for broad relief on Africa’s private debt.

President Uhuru Kenyatta of Kenya, which is eschewing the G20 initiative, said the world had a duty to give Africa the fiscal space to take care of its people.

“This is not a handout. This is support based on a crisis that was not created on the African continent,” he said.

Source: Reuters

Tags: africaIMFivory coastkenyanigerpandemicsierra leonewho

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

Nigeria COVID-19 infections cross 6,000

Next Post

Nigerian lawmakers insist Buhari’s govt. must produce “missing” Chinese doctors

Related Posts

Hushpuppi hires experienced Chicago criminal defence lawyer
News

US lawyer reveals how Hushpuppi made his money

July 10, 2020
lebanese ambassador
World

EMBARRASSING! Lebanese ambassador walks out on Nigerian lawmakers

July 9, 2020
Trump reacts to Kanye West’s presidential ambition
News

Trump reacts to Kanye West’s presidential ambition

July 8, 2020
kanye west
World

BREAKING: Kanye West joins United States presidential race

July 5, 2020
unicef
World

UNICEF, others partner to pay for COVID-19 drugs for poor countries

July 3, 2020
air india
World

SAD! Passenger dies onboard Air India repatriation flight from Lagos to Mumbai

June 14, 2020
Next Post
chinese doctors

Nigerian lawmakers insist Buhari's govt. must produce "missing" Chinese doctors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Stay Connected

  • 5 Followers
  • Trending
  • Comments
  • Latest
Abeokuta Grammar School is 112-year old today

5 facts about 112-year old Abeokuta Grammar School

July 12, 2020
BREAKING: Magu fires back, asks panel to probe AGF on auction of recovered assets

BREAKING: Magu fires back, asks panel to probe AGF on auction of recovered assets

July 12, 2020
BREAKING: President Buhari approves Magu’s  suspension – Malami

BREAKING: President Buhari approves Magu’s suspension – Malami

July 10, 2020
buraimoh

JUST IN: Lagos lawmaker, Tunde Buraimoh is dead

July 10, 2020
Hushpuppi hires experienced Chicago criminal defence lawyer

US lawyer reveals how Hushpuppi made his money

July 10, 2020
Daring blogger insists Osinbajo collected N4bn from Magu, asks panel to publish embattled EFCC chief’s confessions

Daring blogger insists Osinbajo collected N4bn from Magu, asks panel to publish embattled EFCC chief’s confessions

July 10, 2020

Recent News

Abeokuta Grammar School is 112-year old today

5 facts about 112-year old Abeokuta Grammar School

July 12, 2020
BREAKING: Magu fires back, asks panel to probe AGF on auction of recovered assets

BREAKING: Magu fires back, asks panel to probe AGF on auction of recovered assets

July 12, 2020
BREAKING: President Buhari approves Magu’s  suspension – Malami

BREAKING: President Buhari approves Magu’s suspension – Malami

July 10, 2020
buraimoh

JUST IN: Lagos lawmaker, Tunde Buraimoh is dead

July 10, 2020
Breaking News Nigeria, Latest Nigerian News

Follow Us

Browse by Category

  • Athletics
  • Breaking News
  • Business
  • Business Editor's Pick
  • Entertainment
  • Featured
  • Food
  • Football
  • General
  • Health
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Politics
  • Politics Featured Section
  • Review
  • Science
  • Sports
  • Startup
  • Tech
  • Technology
  • Technology Featured Section
  • Uncategorized
  • World

Recent News

Abeokuta Grammar School is 112-year old today

5 facts about 112-year old Abeokuta Grammar School

July 12, 2020
BREAKING: Magu fires back, asks panel to probe AGF on auction of recovered assets

BREAKING: Magu fires back, asks panel to probe AGF on auction of recovered assets

July 12, 2020
BREAKING: President Buhari approves Magu’s  suspension – Malami

BREAKING: President Buhari approves Magu’s suspension – Malami

July 10, 2020
  • About
  • Privacy & Policy
  • Terms
  • Contact

© 2020 Nigeria Today News - All rights reserved.

No Result
View All Result

© 2020 Nigeria Today News - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe With Nigeria Today News