France pledges €1.2b billion financial aid to 5 African countries

France pledges €1.2b billion financial aid to 5 African countries

- The French National Research Institute for Sustainable Development (IRD) has begun implementing a Covid-19-related programme in Ghana

- The project is in partnership with the WACCBIP and the NMIMR of the University of Ghana

- The programme will be extended to four African countries in the near future

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Briefly.co.za has learned that the French National Research Institute for Sustainable Development (IRD) is currently implementing a Covid-19-related relief programme in Ghana.

The information available shows that the programme is in partnership with the West African Centre for Cell Biology of Infectious and Non-Communicable Diseases (WACCBIP) and the Noguchi Memorial Institute for Medical Research (NMIMR) of the University of Ghana.

The aim of the research, which is currently entering its active phase in West Africa, is to strengthen Ghana’s strategic response to the outbreak.

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As per a report by graphic.com.gh, the plan is a part of a €1.2 billion Covid-19 joint health initiative launched by France, through the French Development Agency (AFD), in response to the global health crisis caused by the pandemic, particularly in developing countries.

According to the AFD, five countries, including Benin, Guinea and Senegal, are set to benefit from the programme, in partnership with national actors, for a total grant of €2.2 million.

This comes as the International Monetary Fund (IMF) has expressed fears about the effects of the coronavirus on the African continent.

According to the IMF, Africa is likely to end up dealing with economic disruptions, spillovers from global fallouts, and commodity price shocks.

Following the April 2020 virtual Spring Meetings on Sub-Saharan Africa, the IMF noted that the region is likely to see its lowest growth in history, which is 1.6%.

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Source: Briefly.co.za

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