The African Development Bank (AfDB) has raised a remarkable three billion dollars on the international financial markets through a social bond loan, intended to mitigate the effects of the Covid-19 pandemic on the lives of African populations and communities. economies of the continent, can we read in an article by colleague Apo Groupe published this Saturday, March 28, 2020.

The African Development Bank Group is taking initiatives to provide flexible responses aimed at reducing the severe economic and social effects of the Covid-19 pandemic on its regional member countries and on the African private sector.

“This is a critical period for Africa, at a time when it must meet the challenges brought about by Covid-19. The AfDB is now taking bold steps to support African countries. This $3 billion Covid-19 bond issue is the first part of our comprehensive response which will be announced shortly,” said Akinwumi Adesina, President of the African Development Bank Group before to continue: “This issue is the largest social bond ever issued in the dollar capital markets. We are here for Africa and will quickly provide strong support to the continent. " he added.

According to the Africa Centers for Disease Control and Prevention (Africa CDC), confirmed positive cases in Africa exceed 2,746 against 72 deaths. Africa nevertheless remains the least affected continent.