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AfDB allocates $3bn to support member countries’ efforts against COVID-19

AfDB allocates $3bn to support member countries’ efforts against COVID-19
Minister of international cooperation - Rania Al Mashat

Cairo – Mubasher: The African Development Bank Group (AfDB) allocated $3 billion to support efforts to curb the spread of the novel coronavirus (COVID-19) in member states, including Egypt, director of AfDB's Country Office, Malin Bloomberg, said.

In addition, Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation (ITFC), revealed the allocation of $1.1 billion to finance trade in 2020 in order to enable Egypt to secure energy and food security requirements, according to a statement released by the Ministry of International Cooperation on Monday.

This came during a video conference meeting held by the minister of international cooperation Rania Al Mashat with leaders and representatives of international and regional developmental institutions.