Global Response Newsfeed

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

African Development Bank to Issue €118 Million Loan to Support Morocco’s COVID-19 Response

“The funding will help Morocco purchase new resuscitation-equipped beds and upgrade technical platforms at dozens of hospitals across the country to face the pandemic.”

via Morocco World News

COVID-19: UAE donates 18 tons of medical supply to Tunisia

“Tunisia received Monday 18 tons of the medical supply offered by the United Arab Emirates, UAE, to help the North African country in its fight against the COVID-19 pandemic.”

via The North Africa Post

IMF Executive Board Extends Immediate Debt Service Relief for Mali for Another Six Months

“On October 30, 2020, the Executive Board of the International Monetary Fund (IMF) approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.”

via IMF