A ‘New Deal’ worth $7.1 trillion is the only pathway to reviving Africa’s economy that has taken a downward spiral since the outbreak of COVID-19, says the Economic Commission for Africa (ECA).
ECA Executive Secretary Antonio Pedro made this disclosure at the ongoing African Economic Conference (AEC) to chart a new path for Africa’s post-COVID-19 economic recovery.
He likened the proposed deal to a similar deal by the U.S. between 1933 and 1939 during the presidency of Franklin Roosevelt.
He pointed out that the American deal then was worth $41.7 billion,…
