London, 16 March-(ANA)-The financial crisis and global recession will see African economies lose up to to $49bn by the end of this year, research by ActionAid suggests.
About $27bn of this was a fall in aid, export earnings and income from richer recession-hit nations said the charity.
The lost income is equivalent to a 10% pay cut for the continent, it added.
The report comes as African leaders prepared to meet UK prime minister Gordon Brown to discuss the effect of the recession on their economies.
Those talks are ahead of the G20 summit in London - where just one African country - South Africa - will be represented. (ANA)
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