African presidents from countries including the Democratic Republic of Congo and Senegal called for the IMF to triple the amount of money available to Africa under the fund’s Special Drawing Right reserves to $100 billion to support countries hard hit by the coronavirus pandemic.
Michael Nderitu, Head of Trading, AZA, said the leaders were attending the African Economies Funding Summit in Paris this week alongside French President Emmanuel Macron, who also called for the COVAX vaccine-sharing scheme to double its vaccination target for Africa by the end of this year.
With slow vaccine rates and increased infections impacting the global economic recovery, we expect to see accelerated vaccine rollout across the continent.
