Africa needs $1.2 tn of financing to beat Covid-19 hit: IMF

African countries will need $1.2 trillion through 2023 to repair the economic damage inflicted by the coronavirus pandemic, IMF Managing Director Kristalina Georgieva said Friday. About $345 billion in financing has not yet been pledged, Georgieva said in a speech, while commitments from official lenders and international institutions cover less than a quarter of the … Continue reading Africa needs $1.2 tn of financing to beat Covid-19 hit: IMF