Poverty

In its economic report, published on Wednesday, December 16, the World Bank estimates that almost 1.9 million more Malagasy people will fall below the poverty line, bringing the poverty rate to almost 78%, the highest in the country. country since 2012. as reported from Madagascar, Laure VerneauThe economy contracted by 4.2%…

In the capital of Madagascar, soup kitchens attract a little more people every day. Between the economic consequences of the health crisis and the general impoverishment of the country, the number of people in need has never been so high, the associations explain. From our correspondent in Antananarivo,16.00 In the…

It is the lifeline of millions of Africans. Diaspora money weighs much more than development aid from rich countries. But this year, the amounts are declining due to the economic crisis following the Covid-19 pandemic. According to the UN, it will decrease by 21%. Sending money to one's family is the main goal of immigrants.…

The Covid-19 pandemic and its economic consequences risk driving 40 million Africans into extreme poverty, according to the World Bank. From the beginning of the pandemic, governments implemented social protection measures under the leadership of the IMF and the World Bank. It was almost a global reflex. When the Covid-19…

On this small working class city, financial and social life revolves round oil actions. The Covid-19 pandemic, which has brought on a staggering drop within the worth of a barrel of oil, has closed a number of oil analysis corporations. Tons of of jobs misplaced. Unemployment is in full swing and distress has received the inhabitants. Report within the streets of Port-Gentil. .

After peaceful protests against police and violence that degenerated into riots and vandalism last week after a bloody breakdown, we are now witnessing numerous looting of food aid reserves, principally intended for families of vulnerable people affected by the coronavirus crisis. never distributed by the authorities. as…

The finance ministers of the G20 countries have decided to extend the moratorium on debt service in the poorest countries by six months (until June), which has already given 46 countries out of 73 the right to suspend a global repayment amount estimated at five billion dollars. The moratorium was expected, although the IMF and the World Bank, as well as a number of NGOs fighting poverty, this gesture is still insufficient given the needs of poor countries. An extension of the moratorium was expected. But many were hoping…

Weighted by the economic downturn from the Covid-19 pandemic, growth in sub-Saharan Africa is expected to fall to -3.3% by 2020, dragging the region into its first economic recession in 25 years, according to the latest regional economic analysis ”, Produced by the World Bank. The pandemic also risks pushing 40 million Africans into extreme poverty and erasing at least five years of progress in the fight against poverty. It is a relaxing figure: 40 million Africans are at risk of falling into extreme poverty, about three…

Because the October 18 presidential election approaches, the Nationwide Financial and Social Inclusion Company (ANIES) has simply launched its money switch program. 150,000 households recognized as "extremely poor" obtain the equal of $ 25 every month to cowl day by day bills. .