October 1, 2020

Ethiopia's Abiy seeks $150bn for African virus response

Ethiopia's Abiy seeks $150bn for African virus response

Ethiopian Prime Minister Abiy Ahmed on Tuesday urged G20 leaders to help Africa cope with the coronavirus crisis by facilitating debt relief and providing $150 billion in emergency funding. The pandemic “poses an existential threat to the economies of African countries,” Abiy’s office said in a statement, adding that Ethiopia was “working closely with other African countries” in preparing the aid request. The heavy debt burdens of many African countries leave them ill-equipped to respond to pandemic-related economic shocks, as the cost of servicing debt exceeds many countries’ health budgets, the statement said.

Via:: Ethiopia's Abiy seeks $150bn for African virus response