Ethiopia - COVID-19 Crisis Response Budget Support Program (ECRBS)


Project Summary

Approval Date 03 Jul 2020
Signature Date 04 Jul 2020
Planned Completion Date 30 Jun 2021
Last Disbursement Planned Date 31 Dec 2021
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 240,000,000
Status Approved

Project General Description

The Ethiopia COVID-19 Crisis Response Budget Support (ECRBS) program aims to support the Federal Democratic Republic of Ethiopia’s NERP to contain the spread of COVID-19 and to mitigate the economic and social impacts of the COVID19 pandemic on local businesses and vulnerable households, particularly the urban poor. Indeed, Ethiopia ranks among the few sub-Saharan Africa (SSA) countries that have halved poverty within a decade. As of end May 2020, 1,172 cases of COVID-19 had been reported in country, with 209 recoveries and 11 deaths. The impact of COVID-19 on Ethiopia’s economy is likely to be significant and may reverse some economic progress achieved. The operation consists of a UA 120 million grant from the country’s ADF-15 Performance Based Allocation to finance the Ethiopian Government’s COVID-19 National Emergency Response Plan (NERP). This is a Crisis Response Budget Support provided in compliance with the Bank Group’s COVID-19 Rapid Response Facility (CRF), approved by the Boards of the Bank and the Fund on 8th April 2020. This program consists of three broad mutually reinforcing components: (i) supporting the health sector response to COVID-19, (ii) supporting the social sector response program against COVID-19 and (iii) safeguarding economic resilience against the after-effects of COVID-19 shocks.

Project Objectives

The goal of the program is to support the NERP, Ethiopia’s response plan to the COVID-19 pandemic, which includes strengthening of healthcare service preparedness and response, protection of livelihoods, especially for the vulnerable, and support to private sector enterprises. Consistent with the response plan, the overall operational objective of the proposed operation is to support the implementation of measures to ensure that the country’s healthcare and social protection systems, fiscal position and economy are sufficiently supported to mitigate the negative impacts of the COVID-19 pandemic.

Beneficiaries

The program will benefit the Ethiopian people by contributing to protection of macroeconomic stability and supporting a more inclusive economic recovery. The direct beneficiaries from the program are households, private sector, financial sector actors and recipients of social protection grants, including orphans, the elderly, persons with disability and the urban poor. The program measures will also support strengthening capacity and expansion of health systems in order to improve and strengthen basic service delivery.

Participating Organization

Funding
African Development Fund
Implementing
MINISTRY OF FINANCE AND ECO. DEVELOPMENT

Information

IATI identifier 46002-P-ET-K00-016
Last Update 18 Oct 2020

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Contact Details

Name OKUDZETO Eline
Email e.okudzeto@afdb.org

Geographic Location

Country Ethiopia