A survey and subsequent report ‘Survey of Impact of Covid-19 on African Trade Finance’ by the Africa Export-Import bank (Afreximbank), shows that outflows from emerging market economies in the first quarter of 2020 accounted for more than $100-billion. The report was a joint production between the Afreximbank, the African Development Bank, Making Finance Work for Africa and the United Nations Economic Commission for Africa, to look into the impacts of the Covid-19 pandemic on the sectors of health, economic and financial systems globally.
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