Uganda has received a (116.7 billion shillings) loan from the African Development Fund (ADF) to help in the response to the Coronavirus (COVID-19) pandemic.
In a statement sent out yesterday, the ADF, which is a concessional funding arm of the African Development Bank Group, said the “funds are designed as budget support within the framework of the Bank Group’s COVID-19 Crisis Response Facility.”
This brings the total to (3 trillion shillings) Uganda has received from three lenders: African Development Bank, the World Bank, and the International Monetary Fund (IMF) to respond to COVID-19 since May 2020.
African Development Bank says the money will help Uganda enhance its capacity to test and treat COVID-19 patients to reduce risk of infection and morbidity.
It will ease the impact of the lockdown and other COVID-19 related measures on the poorest.
The Bank’s Country Manager for Uganda, Kennedy Mbekeani, said they expect the money to provide financing to the budget for targeted spending, aimed at containing and mitigating the health and economic impact of the COVID-19 pandemic
