|Approval Date||22 Jun 2020|
|Signature Date||20 Jul 2020|
|Planned Completion Date||31 Dec 2020|
|Last Disbursement Planned Date||31 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposed operation is EUR 88 million loan to the Republic of Cameroon to finance the COVID-19 Crisis Response Budget Support Programme (PABRC). The first confirmed case of COVID-19 in Cameroon dates back to 6 March 2020. By 2 June 2020, the country had more than [6 397] confirmed cases, including [3 629] recoveries and  deaths. The Centre (Yaoundé) and Littoral (Douala) Regions have the highest number of cases, representing about 55.8% and 32.2% of the total, respectively. The COVID-19 pandemic has revealed the structural weaknesses of the country’s health system and economy, particularly the limited human and financial resources allocated to the health sector. The programme has two components: (1) Strengthen the Response of the Health System and Mobilise Resources; and (2) Mitigate the Adverse Effects of COVID-19 on the Economy. This is a crisis response budget support as 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. It recommends two types of intervention: immediate actions to mitigate the impacts of the pandemic, and long-term structural actions to build the resilience of the economy to serve as a basis for economic recovery. This operation 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. Specifically, the programme seeks to: (i) build capacity for COVID-19 testing, management and response by providing planning and strategic tools and adequate financial resources to the health sector; (ii) stabilise household income and livelihoods to safeguard food security and promote private consumption.
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||21 Jan 2022|
|Name||LUMBILA Kevin Numbi|