Global Response Newsfeed

IFC Partners with Djibouti-Based EAB Bank to Strengthen its Risk and Credit Framework

“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.”

via IFC

World Bank Approves $30 Million to Support COVID-19 Vaccination Rollout in Rwanda

“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.”

via World Bank

Eswatini COVID-19 Response Gets a Boost

“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.”

via World Bank

The Gambia Secures More Funds for COVID-19 Vaccines

“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.”

via World Bank

Cameroon signs 3-year XAF413 bln framework agreement with the ITFC

“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.”

via Business in Cameroon

Sustainable Resource Mobilisation to Strengthen Global Healthcare Interventions

“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).”

via SAIIA

Nordic Development Fund extends grant of $8.8 million to African Water Facility for COVID-19 Recovery in the Sahel and Horn of Africa regions

“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.”

via African Development Bank

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

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