The African Development Bank’s board of directors has approved the sum of $27.33m in grants to boost the African Union’s efforts to mobilise a continental response to the COVID-19 pandemic.
The approval came after a meeting of the extended Bureau of the Conference of Heads of State and Government with Africa’s private sector on 22 April 2020, chaired by the President of South Africa and chairperson of the AU, H.E. Cyril Ramaphosa.
The AfDB, in a statement titled, ‘African Development Bank approves $27.33m to ramp up the African Union’s COVID-19 response initiative,’ said the AU Bureau meeting called for contributions to the African Union’s COVID-19 Response Fund established by the AU Commission.
Speaking after the board approval of this operation, AfDB President, Akinwunmi Adesina said, “The African Development Bank will strongly support Africa to get through the COVID-19 pandemic and build back, strongly and smartly.
“The bank’s financial support to the Africa Centers for Disease Control, reaffirms our strong commitment to regional efforts to tackle the pandemic being coordinated by the African Union.
“Africa needs a well-financed Africa Centers for Disease Control, today and for the future.”
The bank’s grant financing would support the disease control agency in providing technical assistance and building capacity for 37 African Development Fund eligible countries, particularly the transition states, to combat the COVID-19 pandemic and mitigate its impact.