bar

PIA virtual meeting with the Bretton Woods organisations in June 2020

 

The PIA hosted a virtual meeting with Ms Von Friedeburg, COO of IFC, Mr De Lannoy, executive Director of IMF and Mr Hafez Ghanem, VP of the World Bank for Africa to discuss plans to address the impact of Covid-19 on the African continent.

While there are deep concerns about the onset of the continent’s first recession in 25 years, the institutions have a clear response including increasing liquidity, improving access to finance and humanitarian projects, all under the umbrella of protecting lives and livelihoods. The discussion also focused on the role of the private sector in helping to drive economic recovery, which included technical innovation and support for SME’s.