Macron hosts summit on post-Covid Africa finance | The Guardian Nigeria News - Nigeria and World News

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French President Emmanuel Macron Tuesday hosts African leaders and chiefs of global financial institutions for a summit meeting that will seek to provide Africa with critical financing swept away by the Covid-19 pandemic.

Africa has so far been less badly hit by the pandemic than other global regions — with a total of 130,000 dead across the continent.

International financial leaders attending will include IMF chief Kristalina Georgieva as well as World Bank managing director of operations Axel van Trotsenburg. “In West Africa, the average age is 20. You walk in Abidjan and there is incredible energy,” he said, noting that Africa had seen growth rates of 5-6 percent in the last years.

Macron notably announced that France would cancel almost $5 billion in debt owed by Khartoum in order to help a transition he described as an “inspiration”.

 

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