|Approval Date||24 Jul 2020|
|Signature Date||17 Aug 2020|
|Planned Completion Date||30 Jun 2021|
|Last Disbursement Planned Date||30 Jun 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposed project is part of the COVID-19 Multi-Country Response Support Program (PAR-COVID-19) for a total amount of UA 49.1 million to the Republics of Togo, Benin and Guinea. The program was evaluated in April 2020, following requests from these countries to the Bank. All three countries recorded their first COVID-19 cases during the period 7-16 March 2020. As of 25 May, a total of 3,050 cases had tested positive in the three countries, including 1949 patients hospitalized and treated, 1,074 cured cases, and 27 deaths (representing an average case-fatality rate of 0.88%). The Program seeks to provide an emergency response to the health and socio-economic crisis caused by the COVID-19 pandemic in the three abovementioned countries which have many similarities. This is a Crisis Response Budget Support (CRBS) operation. The measures supported by the Program will be implemented over a 12-month period starting in June 2020 and will contribute to the achievement of the following outcomes: (i) strengthening of screening capacity; (ii) improvement of national coverage in patient isolation structures; and (iii) mitigation of the socio-economic effects of the health crisis. This intervention concerns the component of the program dedicated to Benin, the cost of which is estimated at UA 5.1 million.
PAR-COVID-19 seeks to help strengthen the health and socio-economic resilience of the three countries to the novel coronavirus pandemic. The supported reforms are aimed at strengthening the health response measures and efforts to mitigate the socio-economic impact of the pandemic. Although supporting urgent measures, the program thus prepares countries for more structuring reforms during the post-crisis period, in line with the pillars of ADF-15, namely improving the business environment and institutional capacity to build resilience.
PAR-COVID-19 will directly benefit the ministry in charge of the economy and finance by financing the national budget and will have an impact on all Beninese populations, the ultimate beneficiaries of budget of budget implementation. More specifically, all vulnerable groups such as low-income households in both urban and rural areas, as well as private sector businesses will benefit from the emergency measures supported by the program.
African Development Fund
MINISTERE DES FINANCES ET DE L'ECONOMIE
|Last Update||18 Jun 2021|