Battling COVID-19: AfDB approves grants worth USD 25.1 million to Somalia

African Development Bank AfDB

The African Development Bank has approved grants worth USD25.1 million to Somalia to enhance the health system, safeguard livelihoods, and support labour force productivity amid the COVID-19 pandemic.

“It is the first time the Bank is leveraging the Regional Operation Envelope resources for a Budget Support Operation. This approach was pertinent to ensure that Somalia has adequate resources to contain the spread of the disease in its territory and limit cross-border impacts that pose serious risks for health, social and economic development for the Horn of Africa sub-region,” said Acting Bank Director General for East Africa, Nnenna Nwabufo.

Editorial Desk at Agrigate.Global

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