Financial Management has become challenging on the African continent as majority of country face mounting public debt amidst falling tax collections and health demands due to COVID-19.The impact of COVID-19 is weighing heavily on economies both Government and businesses need to re adjust the strategies for managing working capital. Evident is the massive disruption in supply and value chains due to restricted movements of vehicles, airlines, and cargo ships as well as individuals that are key in driving economic activities. Most African economies are struggling to manage liquidity and some have been forced to seek assistance through the IMF and other foreign donor funding options, while others are negotiating the restructuring of debts with China and the other developed Western Countries in order to sustain their economies. Page 6 of 8 Many African countries have been caught in a situation where they had already committed to huge infrastructure projects in the road, rail and energy sectors coupled with the modernization of technology infrastructures in communication, education and health services order to catch up with the rest of the world. Very few economies had cash reserves to fall back on and for the majority export earnings are outstripped by imports which has put pressure of local currencies that have lost significant value. There is need for African economies to improve their management of financial affairs both in the immediate, medium and long term. Required i) Discuss measures that could best be applied by governments in managing liquidity needs in order to ensure financial sustainability during this economic downturn and in the longterm? (12 Marks)