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Africa Needs $150 Billion in Emergency Funds, Ethiopian PM Says

Africa Needs $150 Billion in Emergency Funds, Ethiopian PM Says

(Bloomberg) --

Ethiopian Prime Minister Abiy Ahmed called on G-20 leaders to assist Africa with $150 billion in emergency funding and write off or convert debts of low-income countries.

The coronavirus “poses an existential threat to the economies of African countries,” Abiy said in a statement Tuesday. “Ethiopia proposes all interest payments to government loans should be written off.”

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