Global Response Newsfeed

IMF Executive Board Approves a US$21.3 Million Disbursement to The Gambia

The Executive Board of the International Monetary Fund today approved a disbursement of SDR 15.55 million (about US$21.3 million or 25 percent of its SDR quota) for The Gambia under the Rapid Credit Facility (RCF). The financing provided under the RCF will help the country meet its urgent balance-of-payments need as well as support the authorities’ efforts to contain the spread of COVID-19 and limit its adverse economic and social impacts.

via IMF

World Bank Approves $37 Million Support for COVID-19 Response in Malawi

“The World Bank approved today $7 million in immediate funding to support Malawi’s response to the global COVID-19 pandemic under a new Malawi COVID-19 Emergency Response and Health Systems Preparedness project. In addition to the new operation, $30 million has been made available from the Disaster Risk Management Development Policy Financing.”

via World Bank

IMF Executive Board Approves a US$115.3 Million Disbursement to Burkina Faso to Address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund (IMF) today approved a disbursement of SDR 84.28 million (about US$115.3 million or 70 percent of its SDR quota) for Burkina Faso under the Rapid Credit Facility (RCF). The financing provided under the RCF will help finance the health, social protection and macroeconomic stabilization measures, meet the urgent balance of payments needs arising from the COVID-19 outbreak”

via IMF

IMF Executive Board Approves a US$114.49 Million Disbursement to Niger to address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of SDR83.66 million (about US$114.49 million) to be drawn under the Rapid Credit Facility (RCF). The RCF funds will help address Niger’s urgent balance of payments need by filling important financing gaps in Niger’s fiscal and external accounts and should also help to catalyze additional donor support.”

via IMF

The Coronavirus Response of the European Union: Over 3 Billion Euros for Africa

“The European Union (EU) and its Member States’ global COVID-19 response will provide substantial support to partner countries’ efforts to tackle the virus and deal with its impact with an overall financial support amounting to more than €20 billion. The EU will provide financial support to partner countries in Africa worth €3.25 billion (euros).”

via European Union External Action

Burundi to Strengthen National Health System and Preparedness in the face of COVID- 19

“The World Bank approved a $5 million grant from the International Development Association (IDA)* to respond to the threat posed by COVID-19 and strengthen national systems for public health preparedness in Burundi.”

via World Bank

IMF Executive Board Approves Immediate Debt Relief for 25 Countries

“Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.”

via IMF

IMF Executive Board approves a US$1 billion disbursement to Ghana to address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund today approved the disbursement of SDR 738 million (about US$1 billion) to be drawn under the Rapid Credit Facility. The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence, and catalyze support from other development partners.”

via IMF

Powering Sub-Saharan Africa’s COVID-19 Response – Beyond the Grid

“Through Power Africa and USAID, the United States Government is increasing access to electricity for health centers and communities across sub-Saharan Africa. Improved access to electricity strengthens our partner countries’ self-reliance and capacity to manage COVID-19.”

via USAID

IsDB Group President continues his meetings with MCs to support them in facing COVID-19, provides US$ 683 million to seven member countries

“The President of the Bank…met, virtually, with the Minister of Development, Investment and International Cooperation in Tunisia announcing the provision of US$ 279 million…the Sudanese Minister of Finance and National Economy to announce US$ 35 million…announced an urgent support to [Mauritania] amounting to US$ 33 million.”

via Islamic Development Bank