{"id":8071,"date":"2020-05-19T19:54:14","date_gmt":"2020-05-19T19:54:14","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=8071"},"modified":"2020-05-19T19:56:05","modified_gmt":"2020-05-19T19:56:05","slug":"wealthy-countries-failing-africa-during-pandemic-presidents-say","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say","title":{"rendered":"Wealthy countries failing Africa during pandemic, presidents say"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> Wealthy countries are failing Africa, with pledges of financial support and debt relief falling well short of the continent\u2019s needs as it battles the COVID-19 pandemic, several African presidents said on Tuesday.<\/p>\n

Developed economies have channelled trillions of dollars into health initiatives and economic stimulus at home. But the presidents – from Kenya, Ivory Coast, Sierra Leone, Senegal and Niger – said they could not afford such measures in their own countries.\u201cWe\u2019re not in a position to protect companies, to preserve jobs.<\/p>\n

There\u2019s an injustice that is again being exposed by COVID-19,\u201d Senegal\u2019s President Macky Sall said during a virtual roundtable organised by the New York Forum Institute think-tank.While Africa, with a limited capacity to test, has recorded just a fraction of the world\u2019s coronavirus cases, it has been hit hard by the economic fallout from global trade disruptions, falling oil and commodities prices and the lockdowns deployed to fight the disease\u2019s spread.<\/p>\n

Africa has called for a $100 billion stimulus package from wealthy nations, forgiveness of bilateral debt and a suspension of private debt service.\u201cMore must be done,\u201d said Ivory Coast President Alassane Ouattara, a former senior official at the International Monetary Fund. \u201cThere\u2019s been a selfishness on the part of industrialised nations for decades<\/p>\n

\u201dLast month, the Group of 20 wealthy economies backed an IMF and World Bank call for a suspension of bilateral debt service for the world\u2019s poorest countries.Not all African countries qualify for the initiative however, and some that do have not requested relief fearing it could impact future access to capital markets.<\/p>\n

Lenders, meanwhile, have shown little appetite for broad relief on Africa\u2019s private debt.President Uhuru Kenyatta of Kenya, which is eschewing the G20 initiative, said the world had a duty to give Africa the fiscal space to take care of its people.<\/p>\n

\u201cThis is not a handout. This is support based on a crisis that was not created on the African continent,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: Wealthy countries are failing Africa, with pledges of financial support and debt relief falling well short of the continent\u2019s needs as it battles the COVID-19 pandemic, several African presidents said on Tuesday. Developed economies have channelled trillions of dollars into health initiatives and economic stimulus at home. But the presidents – from Kenya, Ivory […]<\/p>\n","protected":false},"author":84,"featured_media":8066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[136],"class_list":["post-8071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-uhuru-kenyatta"],"yoast_head":"\nWealthy countries failing Africa during pandemic, presidents say - kenya<\/title>\n<meta name=\"description\" content=\"Wealthy countries are failing Africa, with pledges of financial support and debt relief falling well short of the continent\u2019s needs as it battles the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wealthy countries failing Africa during pandemic, presidents say\" \/>\n<meta property=\"og:description\" content=\"Wealthy countries are failing Africa, with pledges of financial support and debt relief falling well short of the continent\u2019s needs as it battles the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-19T19:54:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T19:56:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/05\/yhoibufcrg09jyt5ec42bade2781.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"441\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Wealthy countries failing Africa during pandemic, presidents say\",\"datePublished\":\"2020-05-19T19:54:14+00:00\",\"dateModified\":\"2020-05-19T19:56:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say\"},\"wordCount\":342,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/28\/2020\/05\/yhoibufcrg09jyt5ec42bade2781.jpg\",\"keywords\":[\"Uhuru Kenyatta\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/policy\/wealthy-countries-failing-africa-during-pandemic-presidents-say\",\"name\":\"Wealthy countries failing Africa during pandemic, presidents say - 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