Paris will welcome next Tuesday, May 18, about 15 African leadersincluding the heads of state of Mozambique and Angola, for a summit on boosting the economies of the black continent.

The idea is to implement financial means that can revive the African economy.

Although the continent has been less affected than others in terms of deaths due to the pandemic (130,000 deaths to be mourned), gross domestic product is expected to retreat this year by 2.1%, a recessionary scenario that is intended to be countered.

Attracting liquidity to Africa for the public and private sectors is the motto of the initiative, in order to cope with rising interest rates, a consequence of Covid-19 in the world economy.

The IMF could issue 650 billion euros, including 34 billion for Africa in foreign exchange instruments to finance imports.

Paris intends to implement massive aid to Africa and lay the foundation for a new cycle of growth.

About 15 African leaders are expected, including the heads of state Filipe Nyusi of Mozambique and João Lourenço of Angola, on the European side Italy, Spain, Portugal and the European Union are also expected to attend.