Although employment declined only by 0.2 percent, quarter-on-quarter, in the first quarter of the year, recourse to national employment schemes remained at unprecedented levels. At the same time, business investment is expected to have collapsed on the back of lockdowns, fading demand, increasing uncertainty and vanishing liquidity.
The People’s Bank has signed bilateral technical cooperation agreement or established bilateral technical cooperation fund with the Africa Development Bank, West Africa Development Bank, and Caribbean Development Bank.