Global Response Newsfeed

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

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

IMF Board Approves US$49 Million Disbursement for Guinea

“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).”

via IMF

World Bank Provides $45 Million to Strengthen COVID-19 Response and Reforms in the Education Sector in Cameroon

“The World Bank approved an additional financing from the International Development Association in the amount of $45 million to the Education Reform Support Project to support Cameroon’s efforts in promoting learning for all. This IDA credit will be complemented by a Global Partnership for Education grant in the total amount of $ 52.45 million.”

via World Bank

World Bank Approves US$40 million Loan to Support the Kingdom of Eswatini’s Program for Economic Recovery to Mitigate Impacts of COVID-19

“The World Bank Group Board of Executive Directors today approved a $40 million Economic Recovery Development Policy Loan (DPL) to support the Government of Eswatini to implement its program of reforms for economic recovery and ongoing efforts to mitigate the impact of the COVID-19 pandemic.”

via World Bank

IDA and the Private Sector Join Forces to Fight the Pandemic in the Most Fragile Countries

“The IDA PSW is helping the private sector in IDA countries affected by COVID-19 through financing to small and medium-sized businesses, helping them keep their doors open.”

via World Bank

IMF Lending Lifeline: Addressing Urgent Financing Needs Brought on by the Pandemic

“The human toll and global economic disruption from the COVID-19 pandemic triggered unprecedented demand for financing. More than 1/3 of the IMF’s membership have received relief from the Fund. Since the onset of the pandemic, the IMF has responded rapidly and decisively to meet urgent and exceptional demand for financial assistance from its membership.”

via IMF

IMF Executive Board Approves the Disbursement of US$51.28 Million for Burkina Faso

“The Executive Board of the International Monetary Fund (IMF) today completed the fourth and fifth reviews of Burkina Faso’s economic program under the Extended Credit Facility (ECF). Completion of these reviews, which constitute the last two under the ECF-supported program, unlocks access to SDR 36.12 million (about US$51.28 million), bringing total disbursements under the arrangement to SDR 108.36 million (about US$152.58 million). “

via IMF

IMF Executive Board Approves US$52.3 Million Disbursement to South Sudan to Address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 36.9 million (about US$52.3 million or 15 percent of its SDR quota) to South Sudan under the Rapid Credit Facility (RCF) . This is the first Fund supported financial assistance provided to South Sudan since it joined the Fund in 2012.”

via IMF

World Bank Group Supports Ghana To Boost its COVID-19 Response

“The World Bank Board of Executive Directors today approved an additional credit of $130 million from the International Development Association (IDA) for the Ghana COVID-19 Emergency Preparedness and Response Project.”

via World Bank