African economies to rebound in 2021; AfDB projects 3.4% growth

Amaka E. Nliam

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The African Development Bank (AfDB) has assured that Africa’s coronavirus-ravaged economies will bounce back, projecting a 3.4%  growth in 2021 and 2.4% progress in 2022.

 

According to the AfricanEconomicOutlook2021, Africa’s projected recovery will be underpinned by a resumption of tourism, a rebound in commodity prices, and the roll-back of pandemic-induced restrictions.

 

However, the AfDB is calling for debt relief for Africa: “…the time for one last debt relief for Africa is now.”

 

Amaka E. Nliam

 

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