The African Development Bank’s Board of Directors on Wednesday approved $27.33 million in grants to boost the African Union’s (AU) efforts to mobilize a continental response to curb the COVID-19 pandemic.
The approval follows 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 H.E. Cyril Ramaphosa, President of South Africa and chairperson of the AU, at which the Bank’s President, Akinwumi Adesina, pledged strong support for the AU’s COVID-19 initiative.
The AU Bureau meeting called for contributions to the African Union’s COVID-19 Response Fund established by the AU Commission chairperson, Mr. Moussa Faki Mahamat, 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 that collectively, the continent can address the pandemic, which is straining health systems and causing unprecedented socio-economic impacts on the continent.”