• Contact Us
  • About Us
Thursday, June 25, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

AfDB approves $2 million emergency assistance for WHO-led measures to curb COVID-19 in Africa

metro by metro
April 3, 2020
in Economy
0
0
SHARES
0
VIEWS

The grant will be used by the world body to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19

The Board of Directors of the African Development Bank (www.AfDB.org) on Tuesday approved  $2 million in emergency assistance for the World Health Organization (WHO) to reinforce its capacity to help African countries contain the COVID-19 pandemic and mitigate its impacts.

Read Also

US Sanctions Three Nigerian Bureaux de Change, Citizen, Others Over Alleged ISWAP Financing

Pound Tumbles Towards Yearly Low Over UK Political Crisis

Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa-IMF

The grant, which is in response to an international appeal by the WHO, will be used by the world body to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19.

It is one part of several Bank interventions to help member countries address the pandemic which, while slow to arrive in Africa, is spreading quickly and is  straining already fragile health systems.

Specifically, the WHO Africa region will use the funds to bolster the capacity of 41 African countries on infection prevention, testing and case management. WHO Africa will also boost surveillance systems, procure and distribute laboratory test kits and reagents, and support coordination mechanisms at national and regional levels.

This grant “will enable Regional Member Countries to put in place robust containment measures within 48 hours of COVID-19 case confirmation and also support the WHO Africa Region to disseminate information and increase public awareness in communities,” said the Bank’s Human Capital Youth and Skills Development Department.

The grant will contribute toward a $50 million WHO Preparedness and Response Plan, which other partners including the United Nations system, are also supporting.

It is estimated that Africa will require billions of dollars to cushion the impact of the disease as many countries scramble together contingency measures, including commercial lockdowns, in desperate efforts to contain it. Globally, factories have been closed and workers sent home, disrupting supply chains, trade, travel, and driving many economies toward recession.

The Bank Group is expected to unveil a financial assistance package that will enable governments and businesses to undertake flexible responses to lessen the economic and social impact of this pandemic.

Last Thursday, the Bank raised an exceptional $3 billion in a three-year social bond, the proceeds from which will go to help alleviate the economic and social effects of the pandemic. It is the largest dollar-denominated social bond launched in international capital markets to date.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

 

Tags: AfDBWHO
Previous Post

African Ministers of Finance – Immediate Call for $100 Billion Support and Agreement the Crisis Is Deep and Recovery Will Take Much Longer

Next Post

COVID-19: FG seeks N’Assembly’s Approval For N500bn Intervention Fund

Related Posts

US Sanctions Three Nigerian Bureaux de Change, Citizen, Others Over Alleged ISWAP Financing
Economy

US Sanctions Three Nigerian Bureaux de Change, Citizen, Others Over Alleged ISWAP Financing

June 23, 2026
Amid Nigeria’s Naira Dwindling Fortunes, S/A’s Rand Strengthens To 20-Month High
Economy

Pound Tumbles Towards Yearly Low Over UK Political Crisis

June 22, 2026
Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa-IMF
Economy

Nigeria Dominates Stablecoin Inflows In Sub-Saharan Africa-IMF

June 16, 2026
Amid Tight Monetary Policy Measures, Nigeria’s Inflation Rises To 21.82% 
Economy

Amid CBN’s Mop-Up Exercises Inflation Rises To 15.93 percent In May

June 15, 2026
Next Post

COVID-19: FG seeks N'Assembly's Approval For N500bn Intervention Fund

Ahead Of Agreed Minimum Wage, President Tinubu To Send Bill To NASS, Takeaways From Anniversary Broadcast

FG Welcomes US Sanctions On Alleged Terrorism Financiers In Nigeria, Says No Safe Haven In Financial System

June 24, 2026
Heatwaves Trigger Massive Poultry Losses Across France

Heatwaves Trigger Massive Poultry Losses Across France

June 24, 2026
LPPC Suspends Mike Ozekhome From SAN Rank

LPPC Suspends Mike Ozekhome From SAN Rank

June 24, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version