IMF says coronavirus to hit sub-Saharan Africa's growth hard - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

In a blog posting on the IMF’s website, top officials in the Fund’s Africa Department said they have received requests for emergency financing from over 20 nations in the region and expect at least 10 more soon.

“Across the region, growth will be hit hard. Precisely how hard is still difficult to say. But it is clear that our growth forecast in April’s regional outlook will be significantly lower,” Abebe Aemro Selassie, director of the IMF Africa Department, and Karen Ongley, mission chief for Sierra Leone, wrote in the blog posting.

“For society’s most vulnerable in the region, ‘social distancing’ is not realistic. The notion of working from home is only possible for the few,” Selassie and Ongley wrote.The disruptions to livelihoods will mean less income, less spending, and fewer jobs. Closed borders mean that travel and tourism will dry up, along with trade and shipping.

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