recession

Mauretanian Ousmane Diagana, Vice President of the World Bank for West and Central Africa, announces that he is mobilizing $ 50 billion for employment and $ 12 billion for the vaccine against Covid-19. Online from Washington, he answers questions from Christophe Boisbouvier. .

As a result of the Covid-19 pandemic and the fall in oil prices, Nigeria officially entered a recession, following a decline of 3.62% of GDP in the third quarter of 2020, following a decline of 6% in the previous quarter. Africa's most populous country barely recovered from the recession in 2016, following the collapse in oil prices in 2015.…

Nigeria is formally in recession for the primary time in additional than a decade, ending three years of low however optimistic progress. The African nation's financial system is closely depending on oil exports, however the coronavirus pandemic has lower international demand and the value of oil has fallen. That is unhealthy information for a rustic whose price range plans had been depending on getting a sure value per capita. Barrel, a value that now means Nigeria is promoting crude oil at a loss. Our correspondent…