Global Response Newsfeed

Egypt sends aid to 30 African countries

“Egyptian President Abdel Fattah El-Sisi has ordered the delivery of $4 million worth of medical aid to 30 African countries to help them combat coronavirus.”

via Arab News

Madagascar: World Bank Provides $75 Million to Mitigate the Impacts of COVID-19 and Support Recovery

“The Madagascar COVID-19 Response Development Policy Financing will help close a financing gap caused by the COVID-19 crisis while supporting key reforms to reinforce the effectiveness and transparency of the government’s crisis response and to lay the foundation for sustained and resilient recovery.”

via World Bank

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

“‘This project is an important element of the World Bank Group’s response to COVID-19 in Malawi, from relief, through re-structuring, towards ensuring a resilient recovery. This project contributes to relief efforts, with a clear focus on helping communities and businesses persist and find new opportunities.'”

via World Bank

World Bank Approves $86 Million to Improve Access to Financial Services for Micro, Small and Medium Enterprises in Malawi

“The World Bank Board of Executive Directors recently approved an $86 million credit for the Malawi government to increase access to financial services and promote the entrepreneurship and capabilities of micro, small, and medium enterprises in Malawi, including addressing the negative economic effects of COVID-19.”

via World Bank

Madagascar: World Bank Provides $75 Million to Mitigate the Impacts of COVID-19 and Support Recovery

“The World Bank Board of Directors recently approved a US$75 million development policy operation for Madagascar to mitigate the impact of the COVID-19 crisis. The operation will help close a financing gap caused by the COVID-19 crisis while supporting key reforms to reinforce the effectiveness and transparency of the government’s crisis response.”

via World Bank

South Korea Launches Project to Support Morocco’s COVID-19 Response

“The project, developed in partnership with NGO Global Care and Morocco’s Ministry of Health, aims to provide Moroccan hospitals and medical facilities with medical equipment and protective gear for health workers. It also aims to raise the awareness among Moroccans about COVID-19 and provide psychological support for vulnerable social groups.”

via Morocco World News

IMF Approves Augmentation and US$52 Million Disbursement for Mauritania

“The COVID-19 pandemic continues to impose severe health, social, and economic hardships in Mauritania, with a 3.2 percent contraction of output expected in 2020. The IMF’s support will provide resources to mitigate the pandemic’s socio-economic impact and continue with institutional reforms to foster an inclusive recovery.”

via IMF

Mastercard Foundation and Ghana Red Cross Society Team Up to Tackle COVID-19

“The $645,000 partnership, part of the Mastercard Foundation COVID-19 Recovery and Resilience Program in Ghana, will enable the distribution of PPEs to Community-based Health Planning and Services compounds and community health facilities.”

via Mastercard Foundation

Central African Republic: World Bank Group launches New Country Partnership Framework, and provides immediate support to economic recovery

“The new Country Partnership Framework aims to boost stabilization, inclusion and resilience, while building state legitimacy and fostering growth. During the five-year period, the WBG will invest in human capital, connectivity, economic management and governance.”

via World Bank

Global Fund seeks $5B as money runs out for COVID-19 response

“The Global Fund to Fight AIDS, Tuberculosis and Malaria is running out of funding for its COVID-19 Response Mechanism, and is seeking an additional $5 billion meant to help countries continue their response against COVID-19.”

via Devex