The BRICS Role in Overcoming the Covid-19 Crisis in Africa

The article examines the impact of COVID-19 on Africa and the participation of the world community and BRICS in particular in the fight against the pandemic and its negative consequences for the continent. Special attention in the article is paid to assistance of such BRICS countries as China, India and Russia to Africa in this fight. The aim of the paper is to estimate the measures provided by the BRICS countries in overcoming the COVID-19 crisis in Africa. The pandemic has damaged not only the health of the population, but also the African economy, where the recession was recorded for the first time in 25 years. The main reasons for decline were the reduced demand for traditional export goods, exodus of capital from Africa, the collapse of air traffic and tourism as a result of closing the frontiers and reduction in the volume of transfers of the Africans working abroad. The deterioration of economic situation in African countries led to growth of poverty and hunger. In 2020, Africa has lost the achievements in reducing extreme poverty that it has been able to reach since 2015. Attempts to solve pressing economic problems by borrowing abroad have led to the growth of external debt. In the crisis situation, the assistance of the international community, including the expansion of the “Eastern vector” of African foreign policy, the important element of which is cooperation with the BRICS countries, becomes relevant for Africa

China · Foreign capital · Global recession · International community · Pandemic · Poverty · Recession · Tourism · Economic, Social, and Public Health Issues in Russia and Globally · Global Political and Economic Relations · Regional Socio-Economic Development Trends

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