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African ministers in charge of finance met with the UN Economic Commission for Africa Executive Secretary Vera Songwe, and International Monetary Fund (IMF) Managing Director Kristalina Georgieva to discuss an immediate economic response to the Covid-19 pandemic.
“During the virtual meeting, which was convened by the UNECA and IMF, the ministers were unanimous in their call for additional liquidity, Sh5.5 trillion ($500 billion) in Special Drawing Rights, better market access, more concessional resources and an extension in the Debt Service Suspension Initiative (DSSI), given the prolonged nature of the pandemic,” noted UNECA statement.
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