Global Response Newsfeed

IMF Executive Board Approves US$148 Million Disbursement to Guinea to address the COVID-19 Pandemic

“On June 19, 2020, the Executive Board of the International Monetary Fund approved a disbursement of SDR 107.1 million (about US$148 million) to Guinea under the Rapid Credit Facility.”

via IMF

Senegal COVID-19 Response Gets Additional Financial Boost from World Bank

“The World Bank Board of Executive Directors approved on Tuesday, a $100 million – half in grant and half in credit – from the International Development Association to help the Government of Senegal in responding to the social and economic impact of the pandemic and improving access to services for the most vulnerable.”

via World Bank

Coca-Cola Foundation commit $17million across Africa in response to COVID-19

“Across Africa and in partnership with NGOs, Coca-Cola in Africa, and its bottling partners and The Coca-Cola Foundation, have been deploying a range of resources, including capabilities, funds and products to support governments, communities and local economies in their urgent efforts to contain the spread and impact of the Coronavirus since its outbreak on the continent.”

via Sierra Leone Telegraph

World Bank Provides Additional Support to Help Ethiopia Mitigate the Economic Impacts of COVID-19

“The World Bank’s Board of Executive Directors today approved $250 million … in supplemental financing for the ongoing Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing. This funding is geared towards helping Ethiopia to revitalize the economy by broadening the role of the private sector and attaining a more sustainable development path.”

via World Bank

Egypt: World Bank Provides US $400 million in Support of Universal Health Insurance System

“The project will support the Government of Egypt (GOE) to put in place the building blocks of the Universal Health Insurance System; to roll the system out in Phase I Governorates; and to offer temporary financial protection to the most vulnerable across the country to protect them from high out-of-pocket health expenditures resulting from the COVID-19 outbreak.”

via World Bank

The World Bank Supports Morocco’s Health Sector in Managing Pandemic Impact

“The World Bank Board of Executive Directors approved today a US$48-million loan to help Morocco manage the effects of the COVID-19 Pandemic as the Kingdom is exiting strict lockdown measures.”

via World Bank

US$175 Million Budget Support for Tunisia to Mitigate the Economic Impact of COVID-19

“The World Bank Board of Executive Directors approved, on June 12, a budget support of US$175 Million for Tunisia under the Resilience and Recovery Emergency Development Policy Operation.”

via World Bank

IMF Executive Board Approves an Additional US$111.06 Million Disbursement to Rwanda to Address the COVID-19 Pandemic

“The IMF approved US$111.06 million (SDR80.1 million), a second disbursement under the Rapid Credit Facility bringing the total IMF COVID-19 emergency support to Rwanda to US$ 220.46 million to help urgent balance of payment needs stemming from the pandemic.”

via IMF

IMF Executive Board Approves $14.3 Million Debt Relief to the United Republic of Tanzania Under the Catastrophe Containment and Relief Trust

“The pandemic has weakened near-term macroeconomic prospects for Tanzania. The country is facing a drastic reduction in tourism receipts, budget pressures, and a projected deceleration of GDP growth from over 6 percent to 4 percent in the current fiscal year and to 2.8 percent in the upcoming fiscal year (the fiscal year ends in June).”

via IMF

IMF Executive Board Approves a US$50 Million Disbursement to Liberia to Address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund, today, approved the disbursement of SDR36.17 million (US$50 million; 1.7 percent of GDP) to be drawn under the Rapid Credit Facility (RCF). This, together with debt relief approved in April 13, will help meet Liberia’s urgent balance of payment needs, mostly stemming from fiscal needs necessary to respond to the pandemic.”

via IMF