Interesting article on the implications for a failed African Agricultural Sector
There is no doubt that the coronavirus pandemic will bring about the most significant global economic changes that will be felt for generations. We see this with every new report of rising fatalities and closing businesses. For most countries, the impact will be severe, but for developing countries – and those in Africa in particular – it could be catastrophic.
I welcome the funding efforts that are now gathering momentum to shore up fragile health systems across Africa.
If health sectors in developed countries are buckling under the unbearable weight of COVID-19, one can only imagine the impact on the health sector in certain African countries, in some cases still reeling from the Ebola epidemic.
Cost of COVID-19 on global economic system
United Nations Secretary-General Antonio Guterres has described the COVID-19 crisis as the most significant test humanity has faced since World War II.
He called for the creation of a $2bn fund to support the most vulnerable countries during this crisis. But the cost of the coronavirus pandemic on the global economic system will require substantially more.
What developing countries need, in addition to support for their health sectors, is support to keep their economies afloat and protect micro, small and medium-sized enterprises (MSMEs) from going out of business.
For every bankruptcy, closed store, unpicked crop or drop in online orders, people will lose jobs and families will, in many cases, lose their only income.
The International Labour Organization, (ILO), recently predicted that 25 million jobs could be lost worldwide as a result of COVID-19.
more here
https://www.theafricareport.com/25606/c ... s-failure/
