Macroeconomic policies to promote economic recovery in Africa

Abstract

This policy brief provides an overview of the economic impact of the COVID-19 pandemic and of how fiscal stimulus packages could facilitate the continent’s economic recovery. The findings suggest that Africa will require financial assistance of at least $100 billion in 2020 to avert a recession. Policy measures to mitigate the adverse impact of the pandemic and strengthen economic recovery should include measures to enhance countries’ healthcare systems; facilitate the mobilization of domestic resources; prioritize the use of concessional financing.