President Cyril Ramaphosa’s address to the nation outlining measures the country will take to combat the coronavirus was bold and purposeful. The main purpose is to reduce the impact of Covid-19 on society and the economy, though there is still a great deal of uncertainty over precisely what that will be in the coming weeks and months. But, as Ramaphosa noted, “no country is immune or will be spared its severe impact”.

There is a missing element, though — a multilateral approach co-ordinating interventions in public health and economic performance. Various countries have implemented unilateral measures setting out stimulus packages to give their economies a shot in the arm. However, these are not anchored in multilateral processes and do not take into account growing risks in developing countries...

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