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The African Development Bank and the Pandemic Fund :Signed an agreement to mobilize resources to address pandemics.

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The African Development Bank Group has signed an agreement to become an implementing entity of the Pandemic Fund. This agreement will enable the Bank to coordinate the financing of projects approved by the Fund in Africa and to participate in a call for proposals for investment financing to be launched next month

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The financial agreement signed in January between the African Development Bank and the World Bank Group allows the African Development Bank to contribute to the financing of $500 million to implement pandemic-related programs, projects, and policies, particularly in middle-income and low-income countries. The Pandemic Fund's call for proposals will take place in several stages. The first phase, open in March 2025, will accept single-country and multi-country proposals. The second phase, to be launched in June 2025, will focus on regional proposals.To date, the Pandemic Fund has funded two calls for proposals and approved 47 projects impacting 75 countries across six world regions. On average, 43% of its resources have been allocated to sub-Saharan African countries, the region with the highest demand. Notably, over half of the funds awarded in the second call for proposals were allocated to sub-Saharan Africa. The African Development Bank will play a crucial role as an implementing entity, supervising and supporting beneficiary organizations in the implementation of projects, as well as providing financial and progress reports to the Fund's Board of Directors. This collaboration is part of the Bank's strategy for quality health infrastructure in Africa, which aims to strengthen health infrastructure and improve health outcomes in Africa.The Bank's involvement will ensure that the projects are implemented efficiently and effectively, and that the funds are used to achieve the desired impact. The collaboration will also leverage the Bank's expertise and experience in health infrastructure development, as well as its strong relationships with African countries and other stakeholders.In June 2023, the African Development Bank approved a financing of approximately $123 million to expand access to healthcare in Morocco. This financing is part of the program to support inclusive access to health infrastructure, which aims to strengthen specialized health services in health centers for women and children. It also supports the construction and equipment of hospitals, as well as the installation of telemedicine and teleconsultation in isolated areas

 Christelle koambi

christelle
JESSICA CHRISTELLE KOAMBI
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