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Gabon - Budget Support Programme in response to the COVID-19 (PABURC)

Sector: Commercial • Location: Gabon

Source: African Development Bank (AfDB)

Project

The proposed operation is a loan of EUR 100.5 million to Gabon from the resources of the African Development Bank (AfDB) to finance the Budget Support Programme in Response to the COVID-19 Crisis (PABURC). On the epidemiological level, Gabon recorded its first confirmed case of COVID-19 on 12 March 2020. As of May 27, 2020, the total number of tests carried out was 12,060, of which 2,319 cases tes

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The project “Gabon - Budget Support Programme in response to the COVID-19 (PABURC)” is an infrastructure initiative in the Commercial sector, located in Gabon. Taiyo aggregates data on it from African Development Bank (AfDB).

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Description

Description

The proposed operation is a loan of EUR 100.5 million to Gabon from the resources of the African Development Bank (AfDB) to finance the Budget Support Programme in Response to the COVID-19 Crisis (PABURC). On the epidemiological level, Gabon recorded its first confirmed case of COVID-19 on 12 March 2020. As of May 27, 2020, the total number of tests carried out was 12,060, of which 2,319 cases tested positive. Of the number of positive cases, there are 1674 active cases, 631 cases cured and 14 deaths. The country has four recently constructed hospital centres, 9 regional hospitals, 47 departmental hospitals, 34 health centres, 413 dispensaries and 157 health huts, but only has 58 intensive care beds. Faced with a high risk of community transmission and the re-emergence of infectious and parasitic communicable diseases, health facilities in Gabon are insufficient. The loan will support the country’s Budget Support Programme in Response to the COVID-19 Crisis or PABURC, which aims to strengthen the health system and mitigate the socio-economic impact of the pandemic on households and businesses. PABURC is consistent with the Bank’s recently approved COVID19 Rapid Response Facility (CRF). This is a budget support to be disbursed in 2020. The response is focusing on containing the spread of the virus, increasing public resources allocated to the health sector, and boosting the resilience of the most vulnerable communities, as well as to maintain livelihoods and shore up domestic business and industry in order to maintain the production system and pave the way for rapid recovery.

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High

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100%

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