PIDA Week 2020
PIDA Week 2020 takes place amidst the backdrop of global economic and social uncertainty. Even before the COVID 19 pandemic, prospects of economic growth on the continent were uncertain, with most countries struggling to achieve growth. With the expected negative impact on Government funding arising from the threat of a sustained downturn in economic activity and revenue collection, spending on infrastructure is likely to diminish significantly in the short- to medium-term. Over the medium-term, governments are likely to view infrastructure as a major stimulus mechanism for economic recovery and growth. The cross-border trade has also been affected with member states shutting down borders and, in some cases, applying trade restrictions that have affected supply chains inbound and outbound with the regions recording trade deficit in volumes.