Sunday, May 10, 2026

Annual Development Effectiveness Report

The African Development Bank played a critical role in supporting millions of people across the continent, affected by the impact of the Covid19 pandemic in 2020. This is according to its latest Annual Development Effectiveness Review.
The pandemic caused fiscal deficits to double and indebtedness to rise sharply, reducing the capacity of African countries to invest in economic recovery. The African Development Bank responded swiftly with a Covid-19 Response Facility that provided $3.6 billion in emergency budget support. The funding went into key areas such as health, social protection, and economic assistance, benefitting 12.3 million vulnerable households across 31 countries.
For instance, in Côte d’Ivoire, Ghana and Senegal the Bank helped to subsidize water and electricity bills for vulnerable households. In Sierra Leone, it supported the training and protection of 11,000 frontline health workers. With the Bank’s support, Ethiopia’s daily Covid19 testing capacity quadrupled. And in Morocco, the Bank helped the country upgrade health infrastructure, allowing for efficient patient care.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

New UN report urges accelerated forest action before 2030

At the start of this year’s UN Forum on Forests,...

Senior officials among 13 charged in alleged multi-million-birr fuel diversion

Thirteen individuals, including senior officials in Ethiopia’s petroleum sector,...

Sudan and Ethiopia inching closer to war

On Monday, drones struck Khartoum’s international airport, the first...

Türkiye COP31 Presidency declares resilient cities as key priority for Antalya UN Climate Summit

COP31 President-Designate, H.E. Murat Kurum today outlined how Türkiye’s...

United Nations proposes new global dashboard to measure progress beyond GDP

The UN Secretary-General’s Independent High-Level Expert Group on Beyond...

Rotary Addis Ababa West to mark 35th Anniversary with Music for Humanity Concert

Rotary Addis Ababa West will celebrate its 35th anniversary...

AIFF at 20: Why the festival still matters

In this interview, Festival Coordinator Menna Haile reflects on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img