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International

Covid pushing 30 million Africans into poverty – IMF

The International Monetary Fund (IMF) has warned that more than 30 million people in sub-Saharan Africa are being pushed into poverty by the economic impact of the coronavirus pandemic.

It has called on wealthier nations to help African countries get better access to vaccines.

The IMF estimates that some African countries - aiming to vaccinate 60% of their populations - will need to increase their health spending by 50%.

Last year, economies in sub-Saharan Africa contracted by almost 2% - the worst year on record.

The IMF estimates that they will recover this year with a growth spurt of 3.4%, although all other regions in the world are expected to experience greater economic growth.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.