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Browsing: african development bank updates
The African Development Bank’s Board of Directors approved $27.33 million in grants to help the African Union (AU) to mobilize a continental response to control the spread of COVID-19 pandemic.
African Development Bank
This approval follows a pledge to support the AU’s COVID-19 initiative by the Bank’s president Akinwumi Adesina, during a meeting of the extended Bureau of the Conference of Heads of State and Government with Africa’s private sector in April 2020, chaired by the President of South Africa and chairperson of the AU, Cyril Ramaphosa.
The meeting called for contributions towards the African Union’s COVID-19 Response Fund established by Mr Moussa Faki Mahamat, AU Commission chairperson in March 2020.
Speaking after the Board approval of this operation, President Adesina said: “With this financing package, we are reaffirming our strong commitment to a coordinated African response in the face of COVID-19. Most importantly, we are sending a strong signal …