|Approval Date||23 Jun 2020|
|Signature Date||07 Jul 2020|
|Planned Completion Date||30 Jun 2021|
|Last Disbursement Planned Date||31 Dec 2022|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The loan of EUR 100.5 million to Gabon from the resources of the African Development Bank(AfDB) is to finance the Budget Support Programme in Response to the COVID-19 Crisis. This is a budget support to be disbursed in 2020. PABURC is consistent with the Bank’s recently approved COVID-19 Rapid Response Facility(CRF).
The programme’s overall objective is to support the response and strengthening of the health system in the face of the COVID-19 crisis and mitigate its socio-economic impact on households and businesses. The expected outcomes are: (i) containment of the spread of COVID-19; (ii) increase in public resources allocated to the health sector; (iii) boost of the resilience of the most vulnerable communities; and (iv) maintenance of productive capacity in order to facilitate the rapid post-crisis recovery of Gabon’s economy.
The Programme will benefit the Government and population as a whole by providing more public resources to address the COVID-19 crisis and mitigate its socio-economic impact. In particular, it will benefit the following groups: (i) vulnerable communities that will benefit from emergency social measures to offset job and income losses,and from improved access to health services;and(ii) Gabonese entrepreneurs and foreign investors who could benefit from the fiscal and financial measures implemented to address the crisis.
African Development Bank
MINISTERE DE L ECONOMIE, DES FINANCES, DU BUDGET ET DE LA PRIVATISATION
|Last Update||07 Aug 2020|