The Board of Directors of the African Development Bank today approved an €188 million loan to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and mitigate the related economic, health and social impacts.
The loan will be used for additional resources to Kenya’s health system as the country takes steps to contain the spread of the pandemic and deal with its unprecedented impact. It will also be used to support vulnerable people who have been negatively affected by the pandemic.
“We are very pleased to join other development partners in supporting the Government of Kenya’s efforts in mitigating the financial impact of the pandemic,” said the bank’s Acting DG for East Africa, Nnenna Nwabufo. “The next step will focus on helping build resilience for post-COVID-19.”