African countries request blanket moratorium.

African countries have come together to ask for a blanket moratorium (or standstill) on all debt service due to African creditors. Africa is home to 41 of the International Monetary Fund ‘s 59 low income countries. These are more structurally vulnerable to external shocks such as covid-19. The pandemic is affecting economies as governments implement increasingly aggressive lockdown procedures to stem the rate of the spread of the virus.