IMF, World Bank set out Africa coronavirus policy

The World Bank Group (WBG) and International Monetary Fund (IMF) met African leaders and bilateral and multilateral donors and agencies on 17 April to outline their policy response to the coronavirus in Africa. In a statement, the WBG said official creditors have committed $57bn to Africa in 2020, including more than $18bn from the WBG and IMF. Private creditors could lend $13bn this year. However, the institutions believe this leaves a financing gap of around $44bn.