$100 billion needed for Africa for effective response to COVID-19
The United Nations Economic Commission for Africa-ECA has revealed that the African continent is about two to three weeks away from the worst of the coronavirus storm and needs an emergency economic stimulus of $100 billion
These funds are expected to strengthen the several preventative measures that have been put in place and draw support to the vulnerable healthcare systems on the continent. Almost half of the funds could come from waiving interest payments to multilateral institutions according to the organisation.
That would give countries the fiscal space needed to impose social-distancing measures, widen social safety nets and equip hospitals ahead of a probable increase in infections.
While Africa accounts for 1% of global health expenditure, it carries 23% of the disease burden.
Inadequate resources and man power means authorities must work fast to limit the spread of the disease on a continent where hospitals have an average of just 1.8 beds per 1,000 people according to data from United Nations Economic Commission for Africa
According to The Africa Centre for Disease Control and Prevention, there are more than 5,000 Covid-19 infections in 48 countries across the continent as at 31st March 2020.