African Development Bank creates $10-billion fund for virus aid

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The African Development Bank vows that 'no country will be left behind.' coronavirus

"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 presidentThe facility includes $5.5 billion for operations in African Development Bank countries, and $3.1 billion for sovereign and regional operations for countries under the African Development Fund, the bank's arm that caters to fragile countries.

 

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