GABON - Budget Support Programme in response to the COVID-19 (PABURC)


Project Summary

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
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 82,719,453.48
Status Approved

Project General Description

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).

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Bank
Implementing
MINISTERE DE L ECONOMIE, DES FINANCES, DU BUDGET ET DE LA PRIVATISATION

Information

IATI identifier 46002-P-GA-K00-013
Last Update 07 Aug 2020

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Contact Details

Name TOKO Pierre
Email p.toko@afdb.org

Geographic Location

Country Gabon