The G20 led Debt Service Suspension Initiative could be extended by a year amid the COVID-19 crisis and the economic impact that it has had on the world’s poorest countries. Ridle Markus, Africa Strategist, Absa Corporate and Investment Banking joins CNBC Africa to unpack the economic data out in the week ahead.
In April of this year the G20 endorsed the Debt Service Suspension Initiative which allowed for debt suspension in participating low-income countries for the rest of the year. As the 75th UNGA closes out today, leaders and organisations are still discussing the impact of COVID-19 and how nations will recover; ONE is appealing to leaders to support the campaign to extend debt suspension through 2021 as well. CNBC Africa spoke with the Nigeria Director of ONE, Serah Makka-Ugbabe on what that would mean for the East African Region.
The G20 recently agreed to suspend debt service payments for the world’s poorest countries to support them in the fight against the COVID-19 pandemic. Economic Analyst, Ted Kaberuka joins CNBC Africa to discuss this measure that will be effective on May 1.
A group of 165 past and present global leaders have come together to demand the creation of a G20 executive task force and an immediate global pledging conference to approve and co-ordinate a multi-billion dollar fund to fight against the COVID-19 pandemic.
Acutely aware of Ethiopia’s vulnerability to the health and economic repercussions of the COVID-19 pandemic, Prime Minister Abiy Ahmed urged “collective leadership and coordinated responses” to overcome the challenges posed by the unprecedented shock.
U.S and China have tentatively agreed to a trade war truce ahead of the G-20 summit scheduled to commence today in Osaka, Japan. Uchenna Minnis, Chief Market Analyst at Eagle Global Markets joins CNBC Africa to discuss expectations for the summit and for a focus on the global oil markets.
12Page 1 of 2