The African Development Bank (AfDB) has approved a $2 million emergency funding for the World Health Organization (WHO) to help African countries fight the COVID-19 pandemic impacts.
According to WHO, they will use the funds to equip Regional Member Countries to prevent, rapidly detect, investigate, contain and manage detected cases of COVID-19. They will also boost surveillance systems, procure and distribute laboratory test kits and reagents, and support coordination mechanisms at national and regional levels.
Furthermore, the grant will contribute toward a $50 million WHO Preparedness and Response Plan, in conjunction with other partners such as the United Nations.
Last week, AfDB sold a three-year $3 billion social bond, also as part of its efforts to offer financial supports to countries and businesses fighting against the global COVID-19 pandemic.