ADB releases $500,000 to Egypt to fight Covid-19

The African Development Bank has announced the approval of $500,000 in emergency assistance grant to Egypt.

While disclosing this in a statement on Wednesday May 27, 2020, ADB stated that the grant was aimed at restoring the livelihoods of vulnerable populations severely affected by the COVID-19 pandemic.

It added that the extension of emergency assistance funding was based on the scale of the emergency caused by the pandemic which was clearly an urgent challenge the government was dealing with.

“The intervention will seek to complement ongoing activities by Egypt’s government to mitigate the effects of the virus pandemic on Egyptians.

“The emergency assistance will prioritize and contribute to critical interventions to ensure food security for all, following the outbreak of the pandemic, which has left millions struggling to make ends meet,” the statement reads.

Egypt has equally intensified efforts to tackle the pandemic. About 100 billion Egyptian pounds (about $6.6 billion) has been earmarked for the fight against the spread of COVID-19.

The country has also rolled out economic measures to cushion individuals and entities from the effects of COVID-19.

Egypt is the second worst affected country in Africa after South Africa with a national total of 18,756 confirmed cases and 797 deaths.

The situation in the country appears to show no sign of easing off even as quarantine hospitals in the country operate at their capacity. On Tuesday, Egypt reported an eighth consecutive day of COVID-19 daily infections exceeding 700.

Despite this, the most populous Arab country has already begun gradually reopening services and offices that have been halted since mid-March, amid the government’s coexistence plan to maintain anti-coronavirus precautionary measures while resuming services, businesses and economic activities.