Public Management

Covid-19: EU pledges $108mln to strengthen response plan in the Sahel

Covid-19: EU pledges $108mln to strengthen response plan in the Sahel
Thursday, 12 November 2020 17:08

The European Union announced the disbursement of $108 million to strengthen the Covid-19 response plan in four Sahelian countries, namely Niger, Burkina Faso, Chad, and Mauritania.

In an official statement, the institution said the money will help the governments offer better healthcare services to their citizens and reduce the social and economic repercussions of the pandemic.

In detail, Niger will receive $44.8 million, higher than the $30 million for Burkina Faso, $20 million for Chad, and $10 million for Mauritania. Through its budget aid, the EU wants to help the targeted countries implement their pandemic response plans, while preserving the fiscal space needed to continue key reforms in other sectors, and without increasing their debt levels.

While the region is already facing a humanitarian and security crisis that is difficult to manage, the covid-19 pandemic represents an additional challenge for Sahelian countries. The latter called on donors to scale up their assistance. According to the latest assessment of the African Union, Niger, Burkina Faso, Chad, and Mauritania have more than 13,285 confirmed cases of Covid-19.

"Today, we reiterate our commitment to strengthen our mobilization for the Sahel in its fight against the pandemic. Beyond a short-term response aimed at meeting the urgent needs of the populations, our objective is also to reduce the economic and social impact of the pandemic, from which Africa in general and the Sahel, in particular, are likely to suffer disproportionately," said EU High Representative Josep Borrell (pictured).

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Upcoming trading sessions on the BRVM will be closely watched. With oil stocks surging and the broader market under strain, the West African regional...
BGFI raises CFA 45.3 billion in BVMAC IPO tranche 7,601 investors from 24 countries subscribed shares Listing to make BGFI first multinational on...
Stanbic, Standard Bank arrange $205 million loan for E&P Five-year facility supports mining partnership with Gold Fields Mining sector...
Guinea’s central bank has relaunched the creation of a national stock exchange. The reform aims to expand long-term financing in local currency and...
Most Read
01

Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...

Amazon Turns to Kenya as Its Next Low-Orbit Satellite Internet Bet in Africa
02

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
03

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...

BOAD Defends Sovereign Bond Purchases as Liquidity Management, Not Budget Support
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.