Global Response Newsfeed
“A partnership signed today between IFC and Djibouti-based East Africa Bank (EAB) will help EAB better mitigate financial risks which have been amplified by the COVID-19 pandemic and improve its sustainability.”
“The World Bank Board approved $8 million additional financing from the International Development Association to provide The Gambia with safe and effective vaccine purchase and deployment.”
“This is the second additional financing for the Rwanda COVID-19 Emergency Response Project, bringing a total of $45.19 million in World Bank contributions to the country’s national COVID-19 health response and vaccination campaign.”
“Along with a $3 million grant from the Health Emergency Preparedness and Response Trust Fund, the total $8 million will support the ongoing drive to vaccinate 40 percent of the country’s 1.16 million population.”
“ITFC (a subsidiary of the Islamic Development Bank -IsDB) will provide $250 million (about XAF138 billion) to Cameroon every year for the acquisition of medical equipment and consumables as well as the importation of commodities in strategic sectors like mining and energy.”
“Donor assistance and governmental efforts should not be confined to controlling COVID-19 and reinforcing the first line of defence (preparedness), but should equally extend to the second line of defence (strengthening healthcare systems and securing sustainable funding arrangements).”
“The funds will support AWF’s COVID-19 Recovery Through Water and Sanitation in Africa program, an initiative that relies on a climate-resilient approach to prepare investment in water sector projects that will benefit the vulnerable and underserved poor urban communities.”
“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.”
“Providing fair and equitable access to vaccines will be key to managing the health and economic repercussions of the COVID-19 pandemic.”
“The Executive Board of the International Monetary Fund (IMF) completed the Fifth and Sixth reviews of Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF). Completion of these last two reviews of the ECF-supported program enables the immediate disbursement of the equivalent of SDR 34.43 million (about US$49.47 million), bringing total disbursements under the arrangement to the equivalent of SDR 120.49 million (about US$166.60 million).”
A hub for information, analysis, and the global response to COVID-19’s impact on Africa