Central banks to discuss Covid-19

Central banks to discuss Covid-19

Post was last updated: August 5, 2020

AFFECTED—Cross border trade

The African Caucus, a forum for governors of central banks in Africa will discuss effects of Covid-19 pandemic and how the continent could cushion itself at its annual meeting to be held virtually.

The governors would among other things also discuss their contribution in enhancing of health care in respective countries safeguarding productivity and jobs.

The meeting will be hosted by Cameroon with a keynote address to be delivered by president of that country Paul Biya and minister of Economy, Planning and Regional Development.

According to a statement issued by African Caucus chairperson Alamije Mey, the meeting will concentrate on discussing ways of containing the pandemic in the continent and how to keep economies strong amid its effects.

“Points during the virtual meeting will centre on aid effectiveness during the pandemic, scaling up service delivery in health, education, water, social protection and the digital economy, macro fiscal policies and governance and markets, the private sector and jobs,” reads part of statement.

As a member of the World Bank Group (WBG) and the International Monetory Fund, the Reserve Bank of Malawi is expected to participate at the indaba.

The caucus was established in 1963 to strengthen the voice of African governors in WBG and IMF on development issues of interest to Africa.

Cross border trade is one of the heavily affected sectors in Africa.

Justin Mkweu is a fast growing reporter who currently works with Times Group on the business desk.

He is however flexible as he also writes about current affairs and national issues.

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