Covid-19: World Bank warns of economic danger of lockdowns in Africa

Covid-19: World Bank warns of economic danger of lockdowns in Africa

- The World Bank has raised concerns about the decision of several Africans to adopt the practice of lockdown to fight the coronavirus

- According to the World Bank, the method works best in advanced countries that have developed systems to cater for the informal sector

- It added that informal jobs account for 89.2% of employment in sub-Saharan Africa and is the the main source of employment

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The World Bank has cautioned African countries against measures such as lockdowns adopted to curb the spread of the coronavirus.

It argued that such measures may work well in advanced countries but may come with challenges in Africa.

For that reason, it went on, it is necessary for African governments to design systems that would suit prevailing conditions.

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A report by thebftonline.com shows that the strategy has backfired in some African countries because most of the workforce is in the informal sector.

This then leads to a challenge because they need to go out and work on a daily basis in order to survive.

For that reason, the World Bank stated that such models in Africa may lead to untold hardships on people and businesses.

Available information shows that informal jobs are the main source of work in sub-Saharan Africa and accounts for 89.2% of employment.

Aside from agriculture, informal employment accounts for 76.8% of total employment in the region.

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Source: Briefly.co.za

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