COVID-19, financial assistance, and political updates from Malawi, Burundi, and Rwanda

Multilaterals approve financial assistance for African countries during the pandemic

Late last week, three African countries reached agreements with international financial institutions as part of efforts to boost economic recovery and their COVID-19 responses. On June 17, Ethiopia and the World Bank signed an agreement for $250 million for the Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing—$125 million will be in the form of credit, while the remaining $125 million will be a grant. The program targets private sector participation and good…

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