As the damages stemming from the COVID-19 (coronavirus) pandemic continue to escalate in countries throughout the world, data show that African economies will not be spared. According to the 21st volume of Africa’s Pulse, the World Bank’s biannual analysis of the financial, macroeconomic and welfare outlooks for Sub-Saharan Africa, the pandemic has sparked the region’s first recession in 25 years, with economic growth projected to decline from 2 .4% in 2019 to between -2.1 to -5.1%.
With the looming economic downturn projected, it is important that all stakeholders, including civil society and youth, discuss ways to recognize their share of responsibility in minimizing the economic disruptions caused by this pandemic and safeguarding the economic milestones that have been achieved over the past 10 years.
About the Series
The World Bank Africa Region and the Youth Alliance for Leadership and Development in Africa (YALDA) are partnering to organize regular roundtables on development topics. Their purpose is to allow dialogue among Africa’s youth, and prepare some youth-grown solutions to influence policymaking in Africa.
After the first roundtable—successfully held on April 18, 2020—on trusted information sources on COVID-19 for youth, this second roundtable will focus on the economic impact of COVID-19 in Africa and World Bank support to the countries. It will include the participation of civil society representatives to share their perspectives on the ongoing pandemic, and discuss some of the solutions for African countries.