A REPORT BY THE ECONOMIST INTELLIGENCE UNIT Q2 Global Forecast  : What next for vaccine diplomacy ? ÉDITION 340 151 – VENDREDI 30 23 AVRIL JUIN 2017 2021 L’HEBDOMADAIRE DIGITAL GRATUIT L’HEBDOMADAIRE ÉLECTRONIQUE GRATUIT Launch of the Continental Survey Report  : Impact of COVID-19 on African Trade Finance In the first survey of its kind, Afreximbank, the African Development Bank and its Making Finance Work for Africa partnership and the UN Economic Commission for Africa conducted the first continent-wide Trade Finance Survey, to assess the potential impact of the COVID-19 pandemic on trade finance activities of commercial banks in Africa. Portfolio outflows from emerging market economies amounted to over US$100 billion in the first quarter of 2020. Capital outflows from Africa exceeded US$5 billion in the same period, with about US$0.4 billion exiting the Egyptian market and US$3.1 billion leaving the South African market. These outflows strained African banks, many of which recorded sharp drops in their net foreign assets, exacerbating liquidity constraints and undermined capacity to finance the growth of African trade