|Approval Date||22 Jun 2020|
|Planned Completion Date||31 Dec 2021|
|Last Disbursement Planned Date||31 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposal to grant an EUR 88 million loan to the Republic of Cameroon is to finance the COVID-19 Crisis Response Budget Support Programme in Cameroon (PABRC).This is a crisis response budget supportas defined in the Operational Guidelines on the Programming, Design and Management of Programme-Based Support Operations –ADF/BD/IF/2014/35. The PABRC appraisal was conducted in April 2020 following a request submitted to the Bank on 9 April 2020 by the Government of Cameroon.This loan proposal is being considered within the framework of the COVID-19 Rapid Response Facility (CRF) set up by the Bank to protect its Regional Member Countries (RMCs) and their households and private sector enterprises from the economic and social impact of the pandemic.
The PABRC’s goal is to check the spread of the coronavirus to save lives by mitigating its adverse socioeconomic effects on the country, particularly on households and businesses. the programme has two components: (1) Strengthenthe Response of the Health System and Mobilise Resources; and (2) Mitigate the Adverse Effects of COVID-19 on the Economy.
The direct beneficiaries are people infected with and affected by COVID-19, households and enterprises. The indirect beneficiaries of the programme are the Government of Cameroon, through the ministries directly involved, and Cameroonian citizens and enterprises that will be protected against the rapid and continuous spread of COVID-19.
African Development Bank
GOUVERNEMENT DU CAMEROUN MINISTERE DE L'ECONOMIE ET DES FINANCES
|Last Update||07 Aug 2020|
|Name||LUMBILA Kevin Numbi|