News
24 June 2020
AfDB approves €88m loan to help Cameroon's fight against COVID-19
In:
Social infrastructure
Region:
Middle East & Africa
The African Development Bank has approved an €88 million loan to Cameroon as direct budget support to finance the country’s COVID-19 crisis response.
The loan, to the country’s COVID-19 Crisis Response Budget Support Programme, falls under the framework of the bank’s COVID-19 Rapid Response Facility of up to $10 billion.
The programme will support the implementation of a health response plan to improve testing and ensure early detection and rapid management of the virus, thereby reducing case fatality and improving the recovery rate. It will also support the most vulnerable in society by paying family allowances to staff of companies unable to pay social security contributions as well as distributing health kits.
