April 24, 2020/United Capital Report Weekly Pan-African Monitor According to the latest data from the Africa Centre for Disease and Prevention, the total number of confirmed COVID-19 cases in Africa grew by 30.8% WTD to 25,937. Also, the total number of deaths as a result of the virus advanced by […]
OPINION/EDITORIAL
Suspension of Debt Payments to MDBs a Risk to Rating-Warns Fitch
April 23, 2020/Fitch Ratings Suspension of sovereign debt payments owed to multilateral development banks (MDBs) would be negative for MDB ratings unless they were fully compensated by their shareholders, Fitch Ratings says. The G20 and Paris Club called for MDBs to ‘explore the options for suspension of debt service payments’ […]
Unparalleled Global Recession Underway-Fitch
April 23, 2020/Fitch Ratings Fitch Ratings has made further large cuts to global GDP forecasts in its latest Global Economic Outlook (GEO) in response to coronavirus-related lockdown extensions and incoming data flows. “World GDP is now expected to fall by 3.9% in 2020, a recession of unprecedented depth in the […]
