Addis Ababa — Statement co-signed by the ministers of finance and / or ministers of development of the following countries: Angola, Cameroun, Djibouti, Egypt, Ethiopia, Gambia, Ghana, Kenya, Mali, Namibia, Niger, Senegal, Seychelles, Sierra Leone and Tunisia.
The bilateral debt standstill is a first step, more will be needed
African finance ministers called for $100 billion fiscal stimuli, the IMF has already extended debt relief to the 17 low income countries on the continent, and through other mechanisms has disbursed over $US17 billion in emergency funding to countries to address the Covid-19 pandemic.
A solution to finance Africa's commercial debt service could free up over $44 billion of fiscal space for Africa in 2020, providing immediate liquidity to governments – a much needed immediate bridge to renewed growth for Africa and the global economy.
Mr. Manuel Neto Costa, Minister of Economy and Planning
Cameroun
H.E. Mr Louis Paul Motaze, Minister of Finance
H.E. Mr Alamine Ousmane Mey, Minister of Economy, Planning and Regional Integration
Djibouti
H.E. Mr Ilyas Dawaleh, Minister of Economy, Finance Industry
Egypt
H.E.
Mr. Mambury Njie, Minister for Finance and Economic Affairs
Ghana
H.E. Mr Ken Ofori-Atta, Minister of Finance
H.E. Mr Gyan Baffour, Minister of Planning
Kenya
H.E. Amb.
