Support To African Economies : Ethiopian PM Carries Africa Voice

Ethiopian Prime Minister Abiy Ahmed has called on the G20 to support African economies by reducing their debt and preparing a $150 billion emergency financial assistance plan. A "virtual" G20 summit is expected to take place today, March 26, 2020 to discuss an international response to the Covid-19 crisis. Ahead of the international meeting, Ethiopian Prime Minister Abiy Ahmed, in liaison with other African countries, made a three-point proposal on Tuesday, March 24, 2020 to help the continent.
First of these proposals is the provision of $150 billion to support foreign currency reserves, but also businesses in difficulty, and ensure the most urgent payments. Provide a massive logistical and financial support for health systems in Africa through the World Health Organization (WHO), and Africa Centers for Disease Control and Prevention (CDC), to strengthen public health delivery and emergency preparedness on the continent.
Put in place a plan to restructure and erase part of the African public debt. This point on public debts will no doubt be the subject of discussions with creditors in African countries. Abiy Ahmed first requests the suspension of the payment of interest on public debts. The idea is to free up budgetary margins to finance the response to the pandemic, while debt service often exceeds the budget allocated to health.
The Ethiopian Prime Minister then proposes t...