Global Response Newsfeed

African Development Bank launches record breaking $3 billion “Fight COVID-19” Social Bond

“The African Development Bank has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the COVID-19 pandemic will have on livelihoods and Africa’s economies… This is the largest dollar denominated Social Bond ever launched in international capital markets to date.”

via AfDB

Zimbabwe Billionaire Offers Fresh Support to Health-Care Workers

“The assistance includes protective clothing, cash, life and health insurance and transport for nurses and doctors. Workers will receive a cash benefit of Z$500 per day in the event they are hospitalized and a lump-sum benefit of Z$50,000 in the event of permanent disability or death from the virus, according to Ecosure General Manager Godwin Mashiri.”

via Bloomberg

IMF Enhances Debt Relief Trust to Enable Support for Eligible Low-Income Countries in the Wake of the COVID-19 Pandemic

“In direct response to the COVID-19 crisis the International Monetary Fund (IMF) Executive Board has adopted some immediate enhancements to its Catastrophe Containment and Relief Trust (CCRT) to enable the Fund to provide debt service relief for its poorest and most vulnerable members. The CCRT enables the IMF to deliver grants for debt relief benefitting eligible low-income countries.”

via IMF

Somalia to Receive Debt Relief under the Enhanced HIPC Initiative

“The International Monetary Fund (IMF) and the World Bank’s International Development Association have determined that Somalia has taken the necessary steps to begin receiving debt relief under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. Somalia is the 37th country to reach this milestone, known as the HIPC Decision Point.”

via IMF

Joint Statement from the World Bank Group and the International Monetary Fund Regarding A Call to Action on the Debt of IDA Countries

“With immediate effect—and consistent with national laws of the creditor countries—the World Bank Group and the International Monetary Fund call on all official bilateral creditors to suspend debt payments from IDA countries… This will help with IDA countries’ immediate liquidity needs to tackle challenges posed by the coronavirus outbreak.”

via World Bank

Global Partnership for Education announces US$8.8 million in funding to help UNICEF with COVID-19 response

“The Global Partnership for Education announced today a US$8.8 million contribution to UNICEF to help children and young people in 87 developing countries access learning opportunities during the COVID-19 pandemic… School closures in more than 156 countries have already disrupted learning and access to vital services for more than eight out of ten children and young people.”

via Global Partnership for Education

AU: Africa Joint Continental Strategy for COVID-19 Outbreak

“COVID-19 will likely spread rapidly in communities and healthcare facilities and cause severe illness and death. Although the case-fatality remains low, a high percentage of the African population could be infected in the next year, resulting in large number of deaths, particularly in people with advanced age and/or underlying illnesses.”

via African Union