VATICAN: Africa Needs More Finances to Cushion Covid-19 Impact, Vatican Official to Money Lenders

Sr. Jecinter Antoinette Okoth, FSSA Fr. Augusto Zampini Davies the leader of the Vatican COVID-19 Commission Against the backdrop of Covid-19 crisis that has affected the continents globally Africa included, Vatican has appealed to World Bank and International Monetary Fund (IMF) to double its lending capacity and support Africa recover from its effects. In a communique issued Monday, October 12, by Fr. Augusto Zampini Davies the leader of the Vatican Covid-19 Commission that was created by Pope Francis mid- April to support the human family through the pandemic , the Vatican official has asked the World Bank and IMF to support Africa overcome the economic impact of the pandemic . “The World Bank and IMF are this week virtually holding their annual meeting and the Vatican today urges the IMF to double its lending capacity to $2.5 trillion and further allow European countries to lend their unused Special Drawing Rights (SDRs) to African countries and press the US to ov...