COVID-19 and Africa: Socio-economic implications and policy responses
Organisation for Economic Co-operation and Development
Although the number of COVID-19 cases and fatalities might still appear comparatively low in Africa than in other world regions, the looming health shock of COVID-19 could have disastrous impacts on the continent’s already strained health systems, and could quickly turn into a social and economic emergency. Beyond the immediate response, recovery strategies should include a strong structural component to reduce dependence on external financial flows and global markets, and develop more value-adding, knowledge-intensive and industrialised economies, underpinned by a more competitive and efficient services sector. Effective implementation of the African Continental Free Trade Area (AfCFTA) and the African Union’s productive transformation agenda can strengthen regional value chains, reduce vulnerability to external shocks, advance the digital transition, and build economic resilience against future crises.
Year of publication: |
2020
|
---|---|
Institutions: | OECD (issuing body) |
Publisher: |
Paris : OECD Publishing |
Subject: | Coronavirus | Wirtschaftspolitik | Economic policy | Afrika | Africa |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Covid-19 in Africa and its impact on the economy
Gern, Klaus-Jürgen, (2021)
-
COVID-19 in Africa : Socio-economic Impact, Policy Response and Opportunities
Ozili, Peterson K, (2020)
-
Post-corona Africa : downward spiral or resilient recovery?
Maimbo, Samuel Munzele, (2021)
- More ...
Similar items by person