Gabon To Borrow 100.5 Million Euros To Finance COVID-19 Fight For 45 Days
The Gabonese government has announced it would borrow the sum of 66 billion FCFA (about US$132 million or 100.5 million euros) from the African Development Bank (AfDB) to finance its fight against the COVID-19 pandemic for the next 45 days.
The decision was announced during a cabinet meeting in the country’s capital Libreville August 14, 2020.
It also followed the announcement of the extension of the preventive measures against the pandemic for another forty-five days.
“This resource is intended to support current actions concerning the reinforcement of the sanitary system on the one hand.
“It is also to support households and business enterprises, on the other hand, within the context of the re-launching of the economy and employment”, explained the Presidency of the Republic.
The Council of Ministers meeting, during which the procurement of the new debt was announced, also revealed that to improve the national strategy of the fight against the COVID-19 pandemic, government is “extending the sanitary measures linked to the prevention, fight and retort against the COVID-19 for 45 more days” beginning August 17, 2020.
The COVID-19 situation in the Central African nation with a population of 2.1 million according to 2018 figures, currently stands at 8,270 confirmed infections, 6,404 successfully treated cases and 53 deaths.
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