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- ItemState of the EAC Health Sector Amidst the COVID-19 Crisis(African Economic Research Consortium, 2021-10-25) Bigirimana, Noella; Rwagasore, Edson; Condo, JeanineOn 11 March 2020, the World Health Organization (WHO) declared the new coronavirus COVID-19 outbreak as a global pandemic. The COVID-19 burden has been asymmetrically distributed. The EAC region has reported an estimated 7.3% of the cases and 4.4% of the deaths reported in Africa. The report seeks to document the interventions put in place to flatten the curve of COVID-19 transmission, examine the impact of COVID-19 on health outcomes, and describe interventions to mitigate the socioeconomic impact.
- ItemImpact of COVID-19 on Transport and Logistics Sector in the EAC Region(African Economic Research Consortium, 2021-10-08) FEAFFA and Shippers Council of East AfricaThe emergence of COVID-19 in 2019 led the WHO to stipulate different containment measures. These measures were adopted by different countries to help limit and control the spread of the virus. The EAC Partner States developed regional and localized containment measures focused on the transport and logistics sector. The implementation of the measures, whilst contributing to the management of the spread of the virus, equally had negative effects to the sector as they affected the different sector players. It was, therefore, imperative to study the impact of the containment measures on transport and logistics and provide related policy recommendations in pursuit of sector competitiveness and trade facilitation.
- ItemAnalysis of the Effects of COVID-19 on the Trade, Transport and Health Sectors of Burundi(African Economic Research Consortium, 2021-10-08) Ndayitwayeko, Willy Marcel; Ntawiratsa, Rédempteur; Nkurunziza, DésiréThe outbreak of coronavirus (COVID-19) continues to impact the lives of the people in Burundi. The country has witnessed significant increase in its confirmed cases on 31st March 2020. The disruptive effects of the COVID-19 crisis on global, regional and national trade have received enormous attention recently. The reason is that the pandemic has strongly affected the least-developed countries, especially those in Africa due to their reliance on export of commodities and tourism, and imports of pharmaceutical products, medical and food products. The measures taken to curb the spread of the virus at national and international levels has impacted negatively on the economy of Burundi. This policy brief presents the recommendations of the study done on the impact of COVID-19 mainly on trade, health and transport sectors.
- ItemMacro-Economic Effects of COVID-19 on the EAC Economies(African Economic Research Consortium, 2021-09-30) Okumu, Ibrahim MikeThere is no doubt that COVID-19 induced headwinds have rattled the EAC Partner States, the effects of which are: sluggish economic growth; weak private sector credit growth in spite of record low lending rates; weakened external sector and weakened financial sector profitability and return on assets albeit total risk weighted assets; and Non-Performing Loans and liquidity ratios being above the regulatory requirements, implying a resilient financial sector. Consequently, the EAC Partner States adopted expansionary fiscal and monetary policy in combination with COVID-19 containment measures in an effort to abate the distortionary effects of the virus. As such, this study sought to undertake an exploratory study of the policy choices across the EAC Partner States in an attempt to identify areas of policy convergence. Evidently, across all the EAC partner states, both fiscal and monetary policy regimes were expansionary. However, a micro examination of the policy paths shows that both fiscal and monetary policy was more intensive and extensive in Kenya, Rwanda, and Uganda in comparison to Tanzania, South Sudan, and Burundi; which was partly accounted for by the less than stringent COVID-19 containment measures adopted in Burundi and Tanzania unlike Uganda, Rwanda, and Kenya. Particularly in Rwanda and Uganda, the nationwide lockdowns implied that both fiscal and monetary policies had to be deep cutting and wide enough to accommodate the COVID-19 induced economy-wide shutdowns.