African Development Bank approves $53 million multi-country grant for COVID-19 response in Gambia, Liberia and Sierra Leone

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available to all.  

The African Development Bank’s Board of Directors on Friday approved a UA 38.15 million ($53.25 million) multi-country grant to The Gambia, Liberia and Sierra Leone in the form of direct budget support to bolster efforts to fight the COVID-19 pandemic in the three West African countries.

The grant from the African Development Fund (ADF), aims to mitigate the impact of COVID-19 in The Gambia, Liberia and Sierra Leone – known collectively as the GLS countries – by providing budget support to help fund each country’s COVID-19 crisis response.

The multi-country grant comprises an ADF grant of UA 5 million and a TSF grant of UA 5 million to the Republic of The Gambia; an ADF grant of UA 10.15 million  to the Republic of Liberia; and an ADF grant of UA 18 million to the Republic of Sierra Leone.

[read_more id="2" more="Read full article" less="Read less"]

Gambia, Liberia and Sierra Leone are countries in “transition,” with similar challenges regarding macroeconomic stability, fragility, competitiveness and growth. Liberia and Sierra Leone were severely impacted by the Ebola pandemic between 2014 and 2016, while The Gambia is undergoing a transition after the departure of President Yahya Jammeh in 2016.

Upon declaration of first cases of COVID-19 in the three countries in March, they took urgent steps to put in place contingency plans to prevent and contain the virus. However, infection cases have been on the rise. As of 22 July, there were 146 confirmed cases in The Gambia; 1,114 cases in Liberia; and 1,731 cases in Sierra Leone.

The direct beneficiaries of programmes financed by the grant will include vulnerable female-headed households, orphans, and school-going children. The business community, and targeted small and medium-sized enterprises in particular, will benefit from economic resilience support, while the population at large will be cushioned against the effects of the pandemic.

The multi-country grant falls under the framework of the Bank’s COVID-19 Response Facility of up to $10 billion, the institution’s main channel to cushion African countries from the economic and health impacts of the crisis.

[/read_more]

Today News Africa
Today News Africahttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

Anxiety in Africa as Johnson & Johnson conceals critical details about COVID-19 vaccine illness

Anxiety continued to mount across Sub-Saharan Africa on Monday over COVID-19 vaccine trials by Johnsons & Johnson, as the company continued...

Joe Biden wins last presidential debate against Donald Trump

Joe Biden was surprisingly aggressive, it was perhaps the best debate he has had in 2020.Republicans...

Many shot, many killed, blood everywhere, as Africa’s most populous country slips into chaos

Nigeria, Africa's most populous country with more than 200 million people, is slipping into chaos. In the commercial city of Lagos,...

South Africa launches $6 billion COVID-19 employment stimulus

South Africa has launched a $6 billion (R100 billion) COVID-19 employment stimulus to be implemented over the next three years.

Nigerians in USA to hold ‘mother of all protests’ against police brutality and bad governance in their home country

Nigerians in the United States would hold the 'mother of all protests' on Saturday against police brutality and bad governance in...

Trump says Sudan to be removed from terrorism list if it pays $335 million in compensation

President Donald Trump on Monday said Sudan will be removed from the U.S. list of state sponsors of terrorism once it...

Vice President Mike Pence’s top advisers, including his chief of staff, test positive for coronavirus

U.S. Vice President Mike Pence's chief of staff Marc Short, and two other top aides have tested positive for coronavirus.

Nigerians in USA hold protest against bad governance and police brutality in their home country

Nigerians in the United States on Saturday held a protest against bad governance and police brutality in their home country, shed...

Ethiopia’s Prime Minister erupts in anger after Trump’s Nile dam comments, says “Ethiopians have never kneeled to obey their enemies”

Ethiopia's Prime Minister Abiy Ahmed says his country "will not cave in to aggression of any kind" after President Donald Trump...

AstraZeneca and Oxford COVID-19 vaccine trials resume in US. They had continued in Africa

The Food and Drug Administration on Friday authorized trials of a vaccine being developed by pharmaceutical company AstraZeneca and Oxford University...

Johnson & Johnson resumes COVID-19 vaccine trials without providing information over illness as anxiety remains in Africa

Johnson & Johnson on Friday announced that it was resuming a COVID-19 vaccine trials in the United States without providing enough...

Police in U.S. failing to protect protesters from violence, as volatile elections near

Law enforcement agencies across the United States are failing to facilitate people’s fundamental right to freedom of peaceful assembly, and to...

54.2 million Americans have already voted representing 39.4% of total votes counted in 2016

At least 54.2 million Americans have already voted, according to data compiled by the U.S. Elections Project website, putting the 2020...

Vice President Mike Pence’s top advisers, including his chief of staff, test positive for coronavirus

U.S. Vice President Mike Pence's chief of staff Marc Short, and two other top aides have tested positive for coronavirus.Devin O'Malley, a spokesman for Mr. Pence said the Vice President and Second Lady both tested negative for the virus.“Vice President Pence and Mrs. Pence both tested negative for Covid-19 today, and remain in...

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

63 Shares
Share
Tweet
WhatsApp
Reddit
Share