"Already the African economy is suffering and poverty is rising. African Finance Ministers have told the IMF and World Bank that if the spread of COVID-19 is not contained, their countries are likely to experience 2 - 3% declines in GDP growth rates in 2020, leaving African poverty - already 60 percent of all global poverty - rising at unacceptable rates.

African Finance Ministers recommend the immediate waiver of all interest payments on debt - estimated at US$44 billion for 2020 - with the need for a possible extension to the medium term. But in total, with the debt waiver included, Africa Finance Ministers need immediate resources of $100bn.

The G2O should commit that the World Health Organisation, World Bank, International Monetary Fund and the African Development Bank will offer what Africa needs."