Home » Africa & World Politics, Latest Politics, National Politics, Top Stories, Women Politics » Coronavirus: Okonjo-Iweala tells Nigeria, African countries next action to take

Coronavirus: Okonjo-Iweala tells Nigeria, African countries next action to take

Former minister of finance, Ngozi Okonjo-Iweala has called on Nigeria and other African countries to immediately mount pressure on the G7 and G20 for debt-relief to tackle Coronavirus.

According to her, this will help African countries deal with the economic and health issues arising from Coronavirus.

Okonjo-Iweala suggested that the money owed by some African countries could be channeled towards dealing with the economic crisis arising from the outbreak of Coronavirus.

She told the BBC, “We have several sources, the African Development Bank, which is one of them that just floated a social bond for $3 billion to be available to African countries.

“Also, the World Bank has set aside $14 billion ,$2 billion has already beeen committed to 25 countries and 11 of them are Africans. Many of our countries need to move to take advantage of this, and they are willing to commit $150 billion dollars over the next 15 months.

“The IMF has put forward $50 billion as an emergency fund, and already 80 countries have applied for this, many of them African.

“It also has a $1 billion grant fund; catastrophe containment and relief trust, which they can approach.

Let me mention my own organisation, GAVI, where I am chair of the board. We have immediately made available a $200 million to $300 million grant.

“Once these monies become available, if the countries get debt relief, that means that the monies they would have been paying to service the debt can now be used to obtain food and other necessary supplies to support people in the rural and urban area.

“This can be used by the government as part of an intervention fund to help people directly, but needs to be done quickly, the debt relief we haven’t got yet.

“The african countries need to put a lot of pressure on the G7, G20 to come forward with this measure, and then pressure for the debt relief.”

DAILYPOST

Short URL: http://newnigerianpolitics.com/?p=54447

Posted by on Apr 5 2020. Filed under Africa & World Politics, Latest Politics, National Politics, Top Stories, Women Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

2023: We pressured Obi to dump PDP — Igbo elders

Headlines

You’re drug user – Atiku’s camp makes allegations against Fani-Kayode

Categories

Browse Elections 2023

Featuring Top 5/50 of Elections 2023

What FG should do with Nnamdi Kanu – Falana

Browse Africa & World Politics

Featuring Top 3/2270 of Africa & World Politics

Browse National Politics

Featuring Top 5/1257 of National Politics

Knocks as running-mate Kashim Shetima likens Bola Tinubu to late Sani Abacha

Browse NNP Columnists

Featuring Top 10/1524 of NNP Columnists

He has two planes, where is his company? – Peter Obi asks Tinubu and supporters

Advertisements

FEATURED VIDEOS

UK Govt in talks with Nigeria to receive migrants rejected for asylum in the UK

ARCHIVES

April 2020
S M T W T F S
« Mar   May »
 1234
567891011
12131415161718
19202122232425
2627282930  

© 2022 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes