The African Development Bank Group (AfDB) has a new $10 billion COVID-19 response plan to assist member states in fighting the pandemic.
The AfDB, in a statement late Wednesday, said it will provide the allocated funds to both governments and the private sector.
“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. We must protect lives,” said Akinwumi Adesina, head of the AfDB, commending the board of directors for its unwavering support.