|Approval Date||24 Jul 2020|
|Signature Date||30 Jul 2020|
|Planned Completion Date||30 Jun 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The following proposal and recommendation for the award of loans and grants from the African Development Fund (ADF) and the Transition Support Facility (TSF-Pillar I) to the Republics of Togo, Benin, and Guinea is to finance the COVID-19 Multi-Country Response Support Program (PAR-COVID-19) for a total amount of UA 49.1 million, comprising UA 5.1 million for Benin; UA 24 million for Guinea and UA 20 million for Togo. This is a Crisis Response Budget Support (CRBS) operation as defined in the Operational Guidelines on Programmatic Support Operations -ADF/BD/IF/2014/35. It will be implemented over a 12-month period starting in June 2020. The programme was evaluated in April 2020, following requests from these countries to the Bank. Its design is based on good practice principles for the application of conditionality and the Bank Group's provisions on non-concessionaldebt accumulation policy.
The Programme seeks to provide an emergency response to the health and socio-economic crisis caused by the COVID-19 pandemic in the three above mentioned countries which have many similarities. Their health systems are weak and their economies, which are not very industrialised and are heavily dependent on income from raw materials, are still dominated by agriculture. Their respective COVID-19 response plans are therefore almost identical, with the main objectives of stemming the spread of the pandemic and strengthening social safety nets and the resilience of the productive sector. The measures supported by the Programme will be implemented over the 2020-2021 period and will contribute to the achievement of the following outcomes: (i) strengthening of screening capacity; (ii) improvement of national coverage in patient isolation structures; and (iii) mitigation of the socio-economic effects of the health crisis.
PAR-COVID-19 will directly benefit the ministries in charge of the economy and finance in Benin, Togo and Guinea by financing the national budgets and impact their various populations which are the ultimate beneficiaries of budget implementation. More specifically, all vulnerable groups such as low-income households in both urban andrural areas, as well as private sector businesses will benefit from the emergency measures supported by the programme.
African Development Fund
Fragile States Facility
MINISTERE DE L'ECONOMIE ET DES FINANCES
|Last Update||17 Sep 2021|
|Name||EKPO Alain Fabrice|