POSTPONED: Online Event: Impossible Choices: The Conundrum Facing African Governments in a Global Pandemic
The event will be webcast live from this page.
The CSIS Africa Program and the ONE Campaign invites you to an event exploring challenges faced by African governments during the Covid-19 pandemic. Through a simulated experience, panelists will navigate key issues in a fictional scenario, with reality reflected in presented policy choices. As an audience member, you have the opportunity to put yourself in the shoes of African finance ministers and the choices they face by voting live on decisions. A voting link will be available at the bottom of this page closer to the event date.
Nearly ten months since the start of the pandemic, many developed countries have rolled out unprecedented stimulus packages to help mitigate the financial toll of the crisis. From contributing to salaries through various Covid-19 job retention programs to providing loans, tax relief, and cash grants to small businesses, many governments have pulled out all the stops to support their citizens and protect their economies. But unlike developed countries, African governments do not have financial reserves and liquidity readily available to keep their economies afloat and tackle the crisis. While facing substantial budget shortfalls due to the dramatic drop in commodity prices, market disruptions, the collapse of tourism—as well as falling remittances and flight of foreign capital—many are also struggling to navigate the growing debt crisis. They are facing difficult choices between fulfilling their legal obligations on upcoming debt repayments or using that money to tackle the impact of Covid-19.
What are some of the difficult choices facing African governments on a daily basis? Why aren't G20 leaders, multilateral institutions, and credit rating agencies stepping up to provide the necessary support and breathing room on debt repayment so that developing countries can make effective policy decisions? Join CSIS and the ONE Campaign as we address these questions and re-energize the debate on debt and finance challenges.
This event is made possible through CSIS general support.