CEB supports Xunta de Galicia’s response to the COVID-19 pandemic
The Council of Europe Development Bank (CEB) approved a €50 million loan to Xunta de Galicia to support the region’s response to the COVID-19 pandemic.
The CEB loan will allow the region to hire additional medical and auxiliary staff for the hospitals and the elderly care homes. The loan will also finance COVID-19-related medical and pharmaceutical supplies, consumables, and equipment, including diagnostic tests. In addition, CEB financing may cover the costs of having additional intensive care beds, if needed.
As Spain is going through the third wave of the COVID-19 pandemic, some regions, including Galicia, are reporting a higher incidence rate than that recorded in March 2020. Despite the various measures put in place by the authorities, Galicia accounts for close to 3.5% of COVID-19 cases, while the incidence rate continues to rise.
