Africa Development Bank Creates $10bn Fund For COVID-19 Aid

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Africa Development Bank Creates $10bn Fund For COVID-19 Aid
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ICYMI: Africa Development Bank Creates $10bn Fund For COVID-19 Aid

The African Development Bank on Wednesday said it had created a $10 billion emergency fund to help the continent’s countries fight against the coronavirus pandemic.

“Africa is facing enormous fiscal challenges to respond to the coronavirus pandemic effectively. The African Development Bank Group is deploying its full weight of emergency response support to assist Africa at this critical time,” the bank’s president Akinwumi Adesina said. As the virus spreads, there are fears that poor and debt-saddled countries will be unable to provide an adequate response.

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