AFRICA’S GOVERNANCE RESPONSE TO COVID-19 | PRELIMINARY REPORT 2020 SECTION 03 CONTINENTAL AND SUB-REGIONAL RESPONSES 48 3.1 Continental Response 48 3.2 Sub- Regional Level Response 52 a. ECOWAS response 53 b. IGAD Response to COVID-19 54 c. East Africa Community Response to COVID-19 55 d. Southern Africa Development Community (SADC) 55 e. COMESA 56 SECTION 04 GLOBAL GOVERNANCE ENABLERS 58 4.1 Global financial markets 58 TABLE 3: 58 Covid-19 Induced Sovereign Downgrades SECTION 05 RECOMMENDATIONS 60 5.1 Recommendations for the African Union 60 5.2 Recommendations for Member States 61 a. Immediate Governance Measures 61 b. Medium-Term Governance Measures 61 5.3 Recommendations for the APRM 61 ANNEX 1: Covid-19 Epidemiology In Africa As Of 16Th May 2020 62 ANNEX 2: Sovereign Credit Ratings Scale 64 11