• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Ethiopia: Prime Minister Abiy seeks $150b for African Coronavirus response

watchdog by watchdog
5 years ago
in National, News, World News
10 0
ShareTweetSendShare

Ethiopian Prime Minister Abiy Ahmed on Tuesday urged G20 leaders to help Africa cope with the coronavirus crisis by facilitating debt relief and providing $150 billion in emergency funding.
The pandemic “poses an existential threat to the economies of African countries,” Abiy’s office said in a statement, adding that Ethiopia was “working closely with other African countries” in preparing the aid request.

The heavy debt burdens of many African countries leave them ill-equipped to respond to pandemic-related economic shocks, as the cost of servicing debt exceeds many countries’ health budgets, the statement said.
“Just as the virus knows no borders, our responses should also know no borders,” it said.
Saudi Arabia, which currently presides over the G20, last week called for a “virtual” summit to coordinate an international response to the coronavirus crisis.
French President Emmanuel Macron’s office said Monday that he had spoken by telephone with Chinese counterpart Xi Jinping and that the two leaders agreed on the need for emergency talks.

After lagging behind the global curve for coronavirus infections and deaths, Africa has seen a rise in cases in recent days.
As of Monday night, there were 1,654 reported cases across 43 African countries resulting in 52 deaths, according to the Africa Centres for Disease Control and Prevention.
Experts warn that the coronavirus could quickly overwhelm weak African health systems.

African economies will also be vulnerable in the face of “a dramatic decline in exports, disruption of global chains, and the sudden drying up of travel and tourism,” Abiy’s statement said.
The proposed $150-billion (138-billion-euro) aid package could include budgetary support from the World Bank and crisis financing from the International Monetary Fund, the statement said.
To alleviate African debt burdens, Abiy proposed that interest payments on government loans “should be written off” and that “part of the debt of low-income countries should be written off.”

The IMF reported last year that seven African countries were in debt distress and that nine, including Ethiopia, were “at high risk of debt distress.”
Abiy’s proposal comes one day after African finance ministers called for $100 billion in “immediate emergency economic stimulus” including the waiver of debt interest payments.
Without a coordinated aid effort for the continent, the coronavirus “will have major and adverse implications on African economies and the society at large,” according to a statement from the United Nations Economic Commission for Africa, which is headquartered in Addis Ababa.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share2Tweet1SendShare

Related Posts

News

Muslims Laud Museveni’s Commitment to Islam, Pledge Votes in 2026

19th September 2025 at 22:09
Business

Hisense Unveils World’s Largest RGB Mini-LED TV in Uganda, Announces Community Initiatives

19th September 2025 at 21:03
Party Flag Bearers will use their official registered Party Symbols.
Politics

EC Unveils Official Party and Independent Candidate Symbols Ahead of 2026 Elections

19th September 2025 at 17:30
Next Post
Learning online

Prepared or not, learning has gone online.

  • Is Tycoon Sudhir Turning Crane Bank Properties into Supermarket Chain?

    262 shares
    Share 105 Tweet 66
  • Haruna Towers the 16-floor masterpiece rising at Wilson Road to Transform Kampala’s Skyline forever

    253 shares
    Share 92 Tweet 58
  • Kampala’s Nakivubo Channel Set for Transformation Under HAM Enterprises’ Visionary Project

    336 shares
    Share 134 Tweet 84
  • Ham-Haruna: Two Brothers Unrelentingly Pushing Uganda Beyond Known Limits

    100 shares
    Share 40 Tweet 25
  • ### Sudhir Ruparelia Unveils One-10 Apartments: A New Era of Luxury Living in Kampala’s Heart

    93 shares
    Share 37 Tweet 23
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Muslims Laud Museveni’s Commitment to Islam, Pledge Votes in 2026

19th September 2025 at 22:09

Hisense Unveils World’s Largest RGB Mini-LED TV in Uganda, Announces Community Initiatives

19th September 2025 at 21:03

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Muslims Laud Museveni’s Commitment to Islam, Pledge Votes in 2026

19th September 2025 at 22:09

Hisense Unveils World’s Largest RGB Mini-LED TV in Uganda, Announces Community Initiatives

19th September 2025 at 21:03

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda