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Financial Services Providers Interventions to mitigate the Impact of COVID-19
Financial service providers can play a critical role in mitigating the negative impact of COVID-19 and contribute to stabilizing of the economy. The SDGC/A has prepared this communiqué on how financial service providers can mitigate the impact of the epidemic with supportive policy measures introduced by central banks.
Facilitate immediate access to water in low-income communities
The World Health Organization (WHO) is advising the public continually to practice frequent handwashing to control the spread of the coronavirus. The people in the slums and peri-urban areas of Africa are getting water through a shared or communal water supply system
Minimize food supply disruptions to the extent possible
Although COVID-19 is a health pandemic, its effects can lead to other issues including a food security crisis if no proper measures are taken. Africa’s economy is highly dependent on agriculture with about two thirds of the population involved in small holder farming activities
The World Health Organization (WHO) has declared the Coronavirus as a pandemic. The infections are now increasing at an exponential rate as shown by the figure below (developed by the Africa Centre for Disease Control (CDC)), which compares the situation in Africa and that in Europe.
What is a coronavirus?
Coronaviruses are a large family of viruses which may cause illness in animals or humans. In humans, several coronaviruses are known to cause respiratory infections ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).
The most recently discovered coronavirus causes coronavirus disease COVID-19.
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