Surprising resilience: DFIs take stock of their COVID-19 response

“Many DFIs focused on supporting their existing clients through the crisis rather than finding new clients. Investing has been more challenging, but concerns that their balance sheets would take a hit didn’t materialize, nor did the type of demand they expected for liquidity support.”

via Devex

African nations expect $33.6B in Special Drawing Rights

“African nations expect to receive $33.6 billion from a new issuance of Special Drawing Rights, according to Vera Songwe, executive secretary of the United Nations Economic Commission for Africa. On Wednesday, G-20 finance ministers and central bank governors reaffirmed calls for the International Monetary Fund to make a proposal for a new allocation of $650 billion in SDRs — an international reserve asset — that will provide countries around the world with liquidity. The last SDR allocation was issued in 2009 following the global financial crisis.”

via Devex

The countries that don’t want the COVID-19 vaccine

“Countries are disadvantaging their citizens by not participating in COVAX, as this may lead to international organizations that work in these countries acquiring vaccines for their staffers while citizens are left behind.”

via Devex

COVID-19 threats facing women are daunting. We cannot be afraid of the challenge

“We’ve just spent the past year building COVAX, a global solution to a global problem. The same principles of solidarity that are delivering COVID-19 vaccines across the world can also deliver on gender equality.”

via Devex

Africa CDC outlines ultracold storage strategy for COVID-19 vaccines

“During a press conference Thursday, Africa Centres for Disease Control and Prevention Director John Nkengasong outlined a strategy that will enable all African nations to roll out vaccines that require ultracold temperature storage.”

via Devex

Global Fund chief on COVID-19 funding, global health security

“Overstretched development assistance budgets won’t be enough to meet the needs of the COVID-19 response and stretched health systems, but most of the funding for these global public goods is going to come from governments — though it may flow through a number of mechanisms, including grants, International Monetary Fund Special Drawing Rights, or debt relief.”

via Devex

World Bank hopes to help get vaccines to 1 billion people, Malpass says

“Providing fair and equitable access to vaccines will be key to managing the health and economic repercussions of the COVID-19 pandemic.”

via Devex

The man behind Africa’s COVID-19 response

“John Nkengasong, director at the Africa Centres for Disease Control and Prevention, watched events unfolding in China with concern — long before the rest of the world had turned its attention to what was then just a mysterious outbreak of atypical pneumonia.”

via Devex

Africa-led solutions to expedite access to COVID-19 vaccines

“Actions that African governments take today will not only enable a sustainable and quality-assured supply of efficacious vaccines to fight the pandemic but will also help maintain public trust.”

via Devex

$100M genomic sequencing initiative launches in Africa

“A $100 million initiative launched this week that aims to expand next-generation genomic sequencing tools and expertise across the African continent, which experts say could be used to tackle disease outbreaks more effectively.”

via Devex