The Pandemic and Africa's Social Safety Net
The COVID-19 pandemic has shown that African tax and social-benefit systems are currently ill-equipped to protect households from sudden income losses. Meaningful progress will require policymakers to reduce the size of the informal sector and improve the design and financing of social-protection measures.
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HELSINKI – Researchers around the world have studied the labor-market effects of COVID-19 since spring 2020. The statistics suggest that last year’s economic slowdown was more severe than the 2009 downturn resulting from the global financial crisis, and extended to all regions. The pandemic triggered a surge in unemployment across developed economies and halted progress in reducing poverty and hunger in several lower-income countries.