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1 Donor responses to the coronavirus As of 12 April 2020 Name of organisation US$ million Multilateral Organisations World Bank (WB) 160,000 International Monetary Fund (IMF) 100,000 European Investment Bank (EIB)* 43,700 European Commission 17,014 OPEC Fund for International Development (OFID) 200 United Nations (UN) 15 Regional Development Banks Asian Development Bank (AsDB) 6,700 Asian Infrastructure Investment Bank (AIIB) 5,000 African Development Bank (AfDB) 3,000 Inter-American Development Bank (IADB) 2,000 European Bank for Reconstruction and Development (EBRD) 1,100 Islamic Development Bank (ISDB) 730 Sub-regional banks Development Bank of Latin America (CAF) 2,800 Central American Bank for Economic Integration (CABEI) 1,910 Arab Bank for Economic Development in Africa (BADEA) 100 Black Sea Trade and Development Bank (BSTDB) 20 Arab Fund for Economic and Social Development (AFESD) 3 Bilateral Donors** United Kingdom 908 United States 274 Canada 113 Germany 55 Japan 48 Kuwait 40 China 20 Saudi Arabia 10 Azerbaijan 5 Qatar 5 Australia 5 Azerbaijan 5 Korea, Rep. of 3 Ireland 1 Finland 1 France 1 Norway 1 Private Donors*** Twitter CEO Jack Dorsey 1,000 Tata Group (India) 200 Gates Foundation 100 Bloomberg 40 Facebook 20 Rockefeller 20 Businessman Luis Carlos Sarmiento Angulo (Colombia) 20 United Bank for Africa Chair Tony Elumelu (Nigeria) 12.9 *EIB provides around 10% of its funding to non-EU states. **Bilateral donors with more than $1 million international aid; ***Private donors with more than $10 million aid.
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Page 1: Donor responses to the coronavirus As of 12 April 2020 · 2020-04-14 · 1 Donor responses to the coronavirus As of 12 April 2020 Name of organisation US$ million Multilateral Organisations

1

Donor responses to the coronavirus As of 12 April 2020

Name of organisation US$ million

Multilateral Organisations

World Bank (WB) 160,000

International Monetary Fund (IMF) 100,000

European Investment Bank (EIB)* 43,700

European Commission 17,014

OPEC Fund for International Development (OFID) 200

United Nations (UN) 15

Regional Development Banks

Asian Development Bank (AsDB) 6,700

Asian Infrastructure Investment Bank (AIIB) 5,000

African Development Bank (AfDB) 3,000

Inter-American Development Bank (IADB) 2,000

European Bank for Reconstruction and Development (EBRD) 1,100

Islamic Development Bank (ISDB) 730

Sub-regional banks

Development Bank of Latin America (CAF) 2,800

Central American Bank for Economic Integration (CABEI) 1,910

Arab Bank for Economic Development in Africa (BADEA) 100

Black Sea Trade and Development Bank (BSTDB) 20

Arab Fund for Economic and Social Development (AFESD) 3

Bilateral Donors**

United Kingdom 908

United States 274

Canada 113

Germany 55

Japan 48

Kuwait 40

China 20

Saudi Arabia 10

Azerbaijan 5

Qatar 5

Australia 5

Azerbaijan 5

Korea, Rep. of 3

Ireland 1

Finland 1

France 1 Norway 1

Private Donors***

Twitter CEO Jack Dorsey 1,000

Tata Group (India) 200

Gates Foundation 100

Bloomberg 40

Facebook 20

Rockefeller 20

Businessman Luis Carlos Sarmiento Angulo (Colombia) 20

United Bank for Africa Chair Tony Elumelu (Nigeria) 12.9

*EIB provides around 10% of its funding to non-EU states. **Bilateral donors with more than $1 million international aid; ***Private donors with more than $10 million aid.

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2

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Multilateral organisations

European Union (via European Commission)

$17 billion

€15.6 billion ($16.98 billion) to help partner countries in addressing the immediate health crisis and resulting humanitarian needs, strengthening partner countries' health, water and sanitation systems and their research and preparedness capacities to deal with the pandemic, as well as in mitigating the socioeconomic impact. Of this, €3.25 billion ($3.5 billion) for Africa; €2.1 billion ($2.3 billion) for the South; and €962 million ($1 billion) for the Eastern Partner countries; €800 million ($871 million) for the Western Balkans and Turkey (as of 08/04/2020). €1.42 billion ($1.5 billion) in guarantees for Africa and the neighbourhood from the European Fund for Sustainable Development (EFSD). EU will support Asia and the Pacific with €1.22 billion ($1.3 billion), another €291 million ($316 million) for the Africa, Caribbean and Pacific region, €918 million ($999 million) to support our partners in Latin America and the Caribbean and €111 million ($121 million) to support Overseas Countries and Territories.

€12.3 billion ($13.4 billion) to address the economic and social consequences, such as o Providing direct budget

support and concessional financing

o Mobilising macro-financial assistance with the IMF

o Promoting forms of debt relief considered by the IMF in affected countries.

[Of the €12.3 billion]: o Supporting the private sector via

guarantees, liquidity provisions and technical assistance and further reorient guarantees from the European Fund for Sustainable Development towards short-term risk-sharing on loans

o Providing public sector loans from the European Investment Bank (EIB), notably for healthcare equipment and supplies

o Working with international organizations and European companies to build strong and resilient value chains in strategic sectors and ensure labour rights and corporate social responsibility

€502 million ($546 million) for Emergency response actions, such as o Providing immediate support

to the Response Plans of the World Health Organisation (WHO) and the United Nations (UN), Red Cross and Red Crescent Movement to boost emergency preparedness and response in countries with weaker health systems and those dealing with humanitarian crises

o Providing immediate humanitarian support in affected countries, in particular in health, water, sanitation and hygiene and logistics

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

o Supporting increased production in Europe of personal protective equipment and medical devices to meet urgent needs in Europe and in partner countries

o Organising the supply of in-kind assistance to affected countries through the Union Civil Protection Mechanism

o Providing guarantee and liquidity provisions to local banks via International Financial Institutions and European Development Finance Institutions, supported by the EFSD

o Supporting global efforts to combat export restrictions and ensure supply chains remain intact, notably for essential medical supplies and pharmaceuticals

o Associating the Western Balkans to EU initiatives such as the Joint Procurement Agreement for medical equipment and the European rapid alert system for communicable diseases. Countries negotiating their accession can also apply for the EU Solidarity Fund

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

€2.8 billion ($3 billion) to support research, health and water systems, such as o Supporting partner countries

in building resilient, responsive health and social protection systems;

o Supporting communication and awareness efforts on basic protective measures and hygiene advice to prevent the spread;

o Allowing some EU funding from global health initiatives like the Global Fund to fight Aids, Tuberculosis and Malaria, the Global Alliance for Vaccines and Immunisation (GAVI) and the Global Financial Facility to be used to respond to the coronavirus, while ensuring continuation of vital health programmes;

o Supporting further research on diagnostics, treatment and prevention, and once a vaccine is available, fast-tracking approval and subsidizing vaccines and their delivery in vulnerable countries;

o Supporting experts training, epidemiological surveillance and strengthening regional health organisations in Africa, Latin American and the

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Caribbean and Asia and the Pacific;

o Welcoming candidate countries in the Western Balkans to the EU's Health Security Committee and reflecting how best to associate potential candidates;

o Supporting equal access to health systems for migrants, refugees and host communities.

Country/regional allocation of the €15.6 billion

Immediate support for economic and social recovery: West Balkans Bosnia and Herzegovina: €73.5mn ($80 mn) Montenegro: €50mn ($54 mn) Albania: €46.7mn ($51 mn) Serbia: €78.4mn ($85 mn) Kosovo: €63mn ($69 mn) North Macedonia: €62mn ($67 mn) Southern neighbourhood partners (Jordan, Lebanon, Libya, Morocco, Palestine, Syria, Tunisia): €1.5 billion ($1.6 bn) for the short and medium term to support the social and economic recovery of the region

Eastern partnership (Armenia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine): o €100 mn ($109 mn) support

programme to help SMEs, including self-employed and others to easily access credit and boost their businesses after the crisis

o €200 mn ($218 mn) of existing credit lines and grants to SMEs in local currency through the EU4Business Initiative

o €500 mn ($544 mn) available for the EU’s Neighbourhood through the EU’s major de-risking instrument, the European Fund for EFSD to rapidly provide liquidity across the region

Immediate support for health sector: West Balkans Bosnia and Herzegovina: €7mn Montenegro: €3mn ($3.3 mn) Albania: €4mn ($4.3 mn) Serbia: €15mn ($16 mn) Kosovo: €5mn ($5.4 mn) North Macedonia: €4mn ($4.3 mn) Southern neighbourhood partners: €30.8 mn ($33.5 mn) for immediate needs; €572 million ($623 mn( to strengthen the health sector Eastern partnership: regional support to the health sector €30 million ($33 mn); €11.3 million

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

($12.3 mn) regional support for the most vulnerable groups in society

$33.8 million assistance from EC received by the WHO (as of 03/04/2020

European Investment Bank* *EIB provides around 10% of its funding to non-EU states

$43.7 billion [€40 billion]

As of 16/03/2020

€20 billion mobilised financing through dedicated guarantee schemes to bank €10 billion dedicated liquidity lines to bank to ensure additional working capital to SMEs and mid-caps €10 billion mobilised support through dedicated asset backed securities purchasing programmes allowing banks to transfer risk on portfolios of SME loans

International Monetary Fund

$100 billion As of 04/10/2020

Enhancement of the IMF’s emergency financing toolkit, specifically the Rapid Financing Instrument (RFI), available to all members, and the Rapid Credit Facility (RCF), available only to low-income countries eligible for concessional financing. Doubling access to the IMF’s emergency facilities is aimed at helping expected demand of about US$100 billion in

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

financing and provide stronger support to IMF member countries in addressing the COVID-19 crisis. SDR 1.3 billion ($1.8 billion) total emergency financing approved as of 10/04/2020: Europe Albania (10/04/2020): SDR139.3 mn or $190.5 mn (RFI) Kosovo (10/04/2020): SDR 41.3 mn or $56.5 mn (RFI) North Macedonia (10/04/2020): 140.3mn or $191.8 mn (RFI) Middle East and Central Asia Kyrgyz Rep. (26/03/2020): SDR 59.2 mn (RFI) and SDR 29.6 mn (RCF) or total of $120.9 mn Tunisia (10/04/2020): SDR 545.2 mn or $745.4 mn (RFI) Sub-Saharan Africa Gabon (09/04/2020): SDR 108 mn or $147 mn (RFI)

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Madagascar (03/04/2020): SDR122.2 mn or $166 mn (RCF) Rwanda (02/04/2020): SDR 80.1 mn or $109.4 mn (RCF) Togo: SDR 71.49 mn or $97.7 (augmentation of extended credit facility or ECF) Pre-cautionary and liquidity line Morocco (08/04/2020) SDR2.15 bn ($3 bn) Extended credit facility Guinea (01/04/2020): SDR17.213 mn ($23.5 mn) Jordan (26/03/2020) SDR926.37 mn ($1.3 bn) Stand-by arrangement Honduras (31/03/2020): SDR104.92 mn ($143 mn) Completed IMF staff discussions on emergency financing access Senegal (01/04/2020): $221 mn ($147.3 mn under RFI, $73.6 million under the RCF. IMF Board’s consideration of the request is expected by mid-April.

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Chad (08/04/2020) $115 mn under the RCF. IMF Board’s consideration of the request is expected by mid-April.

Earlier IMF announcement

$50 billion As of 04/03/2020

$10 billion rapid-disbursing emergency financing without full pledged IMF program for low income countries $40 billion rapid financing instrument for emerging markets (financial support)

World Bank (WB)

$160 billion As of 02/04/2020

$160 billion over the next 15 months to help countries protect the poor and vulnerable, support businesses, and bolster economic recovery, including the following provisions:

$6 billion for expedited loan guarantees from the Multilateral Investment Guarantee Agency (MIGA), enabling the purchase of urgent medical equipment and provide working capital for companies, including smaller businesses, while also supporting governments’ short-term funding needs.

$8 billion from the International Finance Corporation (IFC) to help the private sector cope with the pandemic. In addition to new investments, IFC is extending trade finance and working capital lines to clients.

$1.7 redeployment of existing projects to urgent pandemic response and recovery, including restructuring and use of projects’ emergency components as well as contingent financing instruments designed for catastrophes $1.9 billion special provisions for fast-track financing of WB projects in 25 countries.

Countries benefitting from dedicated World Bank COVID-19 fast track facility 10/04/2020:

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Africa Cabo Verde (02/04/2020): $5 million IDA credit for the COVID-19 Emergency Response Project to enhance the government’s National COVID-19 Preparedness Plan, focusing on scaling-up and strengthening all aspects of prevention, preparedness and response Democratic Republic of Congo (02/04/2020): $47 million IDA financing for the COVID-19 Strategic Preparedness and Response Project aims to boost the capacity of the government of the DRC to prepare for and combat the COVID-19 pandemic, while focusing on critical provinces to contain the epidemic Ethiopia (02/04/2020): $82.6 million ($41.3 million grant and $41.3 million credit) from IDA for the COVID-19 Emergency Response and Health Systems Preparedness Project to help Ethiopia develop counter measures to lessen the devastating effects of COVID-19 Ghana (02/04/2020): $35 million will help the country provide improved response systems

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Donor Total Balance of payment / macroeconomic response

support

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through Ghana Emergency Preparedness and Response Project. Kenya (02/04/2020): $50 million immediate funding to support the Kenya COVID -19 Emergency Response Project. Liberia (09/04/2020): $7.5 million IDA financing ($3.75 million grant, $3.75 million concessional IDA credit) to help Liberia respond to the threat posed by the Coronavirus outbreak. Mauritania (02/04/2020): $5.2 million grant from the IDA to support Mauritania in strengthening the national public health preparedness to the COVID-19 pandemic Rwanda (07/04/2020): $14.25 million IDA credit in immediate funding to support the Rwanda COVID-19 Emergency Response Project Sao Tome and Principe (02/04/2020) $2.5 million IDA grant to assist the government in responding to the threat posed by the COVID-19 pandemic through the Sao Tome and

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Principe COVID-19 Emergency Response Project Senegal (02/04/2020): $20 million credit from the IDA to strengthen the country’s prevention, preparedness and response to the outbreak through the Senegal COVID-19 Response Project Sierra Leone (02/04/2020) $7.5 million IDA grant to help Sierra Leone respond to the threat posed by the coronavirus outbreak and strengthen national systems for public health preparedness. The Gambia (02/04/2020) a $10 million grant from the IDA for The Gambia to provide emergency assistance in the face of the global COVID-19 pandemic through the COVID-19 Response and Preparedness Project East Asia and Pacific Cambodia (02/04/2020): a $20 million credit from the IDA for the Cambodia COVID-19 Emergency Response Project. Lao PDR (07/04/2020) $18 million for Lao PDR COVID-19

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Response Project that will support preparedness and emergency response activities including infection prevention and control, case detection and contact tracing, case management and risk communication. Mongolia (02/04/2020) $26.9 million for the Mongolia COVID-19 Emergency Response and Health System Preparedness Project to meet emergency needs during the pandemic and to better prepare for future health crises. Europe and Central Asia Kyrgyz Rep. (02/04/2020) $12.15 million from the IDA for the Kyrgyz Republic Emergency COVID-19 Project. Tajikistan (02/04/2020) $11.3 million in grant financing from the IDA for the Tajikistan Emergency COVID-19 Project, which will support the country’s efforts to prepare for and respond effectively to the health and social risks (e.g., emergency cash transfers) associated with the global COVID-19 pandemic

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Latin America and Carribean Argentina (02/04/2020) $35 million emergency loan to support Argentinian government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement of medical supplies and equipment. Ecuador (02/04/2020): $20 million loan to support the national plan to respond to the health emergency through a project focusing on prevention and adequate medical care, strengthening the national public health system. Haiti (02/04/2020) $20 million grant for the Haiti COVID-19 Response Project that aims to respond to the threat posed by COVID-19 through testing and improved treatment in Haiti. Paraguay (02/04/2020) $20 million loan to support Paraguay in strengthening its health system in the face of the coronavirus pandemic Middle East and North Africa Djibouti (02/04/2020) $5 million IDA credit for a project that will focus primarily on the immediate

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Donor Total Balance of payment / macroeconomic response

support

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needs and timely response to the COVID-19 outbreak in Djibouti and in enhancing the country’s health system capacity to limit contagion and provide the best care possible for people who become ill Yemen (02/04/2020) $26.9 million IDA grant to help Yemen immediately respond and mitigate the risks associated with the COVID-19 outbreak and limit the possible extent of the spread of the disease in Yemen. South Asia Afghanistan (02/04/2020) a $100.4 million grant for the Afghanistan COVID-19 Emergency Response and Health Systems Preparedness Project to help Afghanistan take effective action to respond to the threat posed by COVID-19 and strengthen its public health preparedness. Bangladesh (03/04/2020) $100 million financing to help Bangladesh prevent, detect, and respond to the COVID-19 pandemic and strengthen its national systems for public health emergencies.

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

India (02/04/2020) $1 billion for COVID-19 Emergency Response and Health Systems Preparedness Project to help India prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness. This is the largest ever health sector support from the World Bank to India. Maldives (02/04/2020) a $7.3 million for COVID-19 Emergency Response and Health Systems Preparedness Project to help the country prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness. Nepal (07/04/2020) $29 million COVID-19 Emergency Response and Health Systems Preparedness Project to help Nepal prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness. Pakistan (02/03/2020) $200 million package to help Pakistan take effective and timely action to respond to the COVID-19 pandemic by strengthening the country’s national healthcare

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Donor Total Balance of payment / macroeconomic response

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systems and mitigating socioeconomic disruptions. Sril Lanka (02/04/2020) $128.6 million for COVID-19 Emergency Response and Health Systems Preparedness Project to help the country prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness. Countries benefitting from other forms of finance/redeploying of existing projects

East Asia and Pacific Cambodia (02/04/2020): In late March, $14 million of the Health Equity and Quality Improvement Project funds was allocated to purchase ambulances and medical equipment and to quickly develop national laboratory capacity to rapidly respond to the COVID-19 pandemic Mongolia: On 25/03/2020, $2.2 million (under ongoing E-health project) to help strengthen Mongolia’s hospital services in the wake of the COVID-19 pandemic. The funding will be used to purchase the most

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needed medical diagnostic equipment in the country. On 10/04/2020, reprioritization of £680,000 ($738,956) within the Strengthening Governance in Mongolia Project, funded by the EU, to support the government’s efforts to respond to the COVID-19 emergency and help mitigate its impact in the short and medium term. Philippines (04/09/2020) $500 million in financing (third risk management development policy loan) to help strengthen the government’s capacity to address disaster risks, respond to and recover from natural disasters, including support to urgent needs created by the COVID-19 crisis. Samoa (26/03/2020) $5.1 million in immediate funding (Development Policy Operation with a Catastrophe Deferred Drawdown Option (Cat-DDO) to support Samoa’s response to prepare and manage response to COVID-19. Europe and Central Asia Armenia (03/04/2020) $3 million (under the ongoing Disease Prevention and Control Project)

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support

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to address the country’s urgent needs for equipment and supplies needed for the intensive care of people with a confirmed COVID-19 diagnosis. Kazakhstan (02/04/2020) has restructured part of its Social Health Insurance Project to provide $10 million for critical medical equipment for COVID-19 response.

Romania (02/04/2020) £400 million ($436 million) of pre-arranged financial support from the World Bank to help prevent and respond to the COVID–19 pandemic, covering a range of interventions to strengthen health services, minimize the losses to both the public and private sectors, and to safeguard lives and livelihoods overall.

Bolivia (02/04/2020) $20 million (from Health Services Networks Project ) for attending the immediate and short-term priorities of the health system, including technical assistance to counteract the growth of the virus outbreak in Bolivia. Latin America and Caribbean Colombia (02/04/2020) disbursed $250 million development policy loan (Cat-DDO) to the government. Dominican Rep. (02/04/2020) released $150 million from Cat-

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Social / health

DDO to support the country’s efforts to implement emergency measures to contain the spread of COVID-19 and manage the impact of the pandemic. Honduras (04/10/2020) $119 million Cat-DDO credit for Honduras to allow the country to mobilize immediate financial resources to respond to the emergency caused by the COVID-19 pandemic, including strengthening the financial and institutional framework of Honduras to manage risks from adverse natural events and health emergencies. Panama (25/03/2020) $41 million disbursed development policy loan (Cat-DDO) to support COVID-19 response activities Middle East and North Africa Egypt (02/04/2020) $7.9 million (under the Transforming Egypt’s Healthcare System Project) to fund emergency response activities related to the COVID-19 outbreak in Egypt Lebanon (02/04/2020) re-allocation of $40 million under the current Health Resilience Project to strengthen the

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Donor Total Balance of payment / macroeconomic response

support

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Social / health

Ministry of Public Health’s capacity to respond to the crisis by equipping governmental hospitals and increasing their ability to test and treat suspected cases. Morocco (02/04/2020) Restructuring of a $275 million Disaster Risk Management Development Policy Loan with a Cat-DDO. The restructuring adds a health-related trigger to the operation to allow the immediate release of funding under the program to address emergency measures West Bank and Gaza (02/04/2020) new $5 million emergency operation to help the West Bank and Gaza address urgent health needs from the COVID-19 pandemic. This new funding follows a previous reallocation of $800,000 on 06/03/2020 as an immediate support to the Palestinian Ministry of Health under the ongoing Health System Resiliency Strengthening Project to help address urgent health needs and prevent further spread of the virus.

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Social / health

*Countries are below benefitting from the COVID fast-track facility plus other forms of financingredeploying of other projects Ghana (02/04/2020): $65 million contingency financing from the Greater Accra Resilient and Integrated Development Project will support critical activities such as laboratory equipment and chemicals essential medical equipment and supplies Kyrgyz Rep. (02/04/2020) $9 million dollars of financing from an on-going Enhancing Resilience in Kyrgyzstan Project will be reallocated to support the country’s efforts to prepare for and respond effectively to the health and social risks associated with the global COVID-19 pandemic. Maldives (02/04/2020) a $10 million contingency financing under Disaster Risk Management Development Policy Financing with a Cat-DDO has also been made available to support Maldives. Pakistan (02/03/2020) $38 million repurposed from 8

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support

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Social / health

existing projects to support urgently needed medical equipment and supplies.

WB earlier

announcement: $14 billion

As of 17/03/2020

$2.7 billion International Bank for Reconstruction and Development loans for middle income countries $1.3 billon International Development Association grants and low interest loans for low income countries $2 billion reprioritisation of World Bank’s existing portfolio

$8 billion International Finance Corporation help for private sector. Bulk will go to client financial institutions for trade finance and working capital support

OPEC Fund for International Development

$200 mn (As of 16/03/2020)

$200 mn to be deployed via long-term loans, private sector and trade finance facility windows and grants.

United Nations $15 mn As of 01/03/2020

$15 mn to World Health Organisation (WHO) and UNICEF

Regional development banks

African Development Bank (AfDB)

$3 billion As of 27/03/2020

AfDB raised $3 billion in a 3-year bond help alleviate the economic and social impact the Covid-19 pandemic in Africa’s economies. This is reported to be the largest dollar social bond transaction to date in capital markets

Asian Development Bank (AsDB)

-

$6.7 billion As of 18/03/2020

$3.6 billion in sovereign operations for health and economic responses

$1.6 billion for directly impacted non-sovereign operations of MSMEs, domestic and regional trade, and firms

$2 mn grant for infectious disease prevention, detection and response in China and Great Mekong Sub-region

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

$1 billion mobilised resources through reallocation from ongoing projects $40 mn technical assistance and quick-disbursing grants

$18.6 mn private sector loan to a Wuhan-based pharmaceutical distributor $200 mn through ADB’s Supply Chain Finance Program for companies manufacturing and distributing items needed to combat COVID-19

$1.5 mn for to procurement of essential equipment for detection and personal protection $2 mn grant window for member countries to contain covid19 and improve resilience $3 mn grant to support the Philippine government’s response to covid-19 $600,000 grant to finance preventive and response efforts in Sri Lanka $100,000 to finance covid-19 prevention and mitigation, medical supplies, and equipment in Tajikistan $1.4 mn to procure medical equipment for detection, emergency care and management of severe respiratory diseases in Mongolia $225,000 small-scale technical assistance to strengthen Mongolia’s national capacity for infection prevention and control

Asian Infrastructure Investment Bank (AIIB)

Total: $5.001 billion

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

$5 billion (as of 03/04/2020)

An initial $5 billion Crisis Recovery Facility to offer financing to both public and private sector entities facing serious adverse impacts as a result of the pandemic, including:

Support clients whose infrastructure investments are severely impacted by the pandemic.

Financing needed to preserve the productive capacity of other productive sectors, including manufacturing, that have been hit by coronavirus

Support emergency public health needs, such as health infrastructure for emergency preparedness

$1 mn (as of 24/03/2020)

$1 mn donation to o purchase medical equipment to help frontline health care professionals battling the coronavirus outbreak in Wuhan and Beijing

European Bank for Reconstruction and Development (EBRD)

$1.1 billion As of 13/03/2020

$1.1 billion [€1 billion] for existing clients’ (private sector in 38 member countries) emergency liquidity, trade finance, working capital

Inter-American Development Bank (IADB)

$2 billion As of 11/03/2020)

$2 billion resources that can be programmed to countries requesting support for disease monitoring, testing and public health services. The IADB can also work with countries that have undisbursed loan balances to redirect resources to pandemic-response efforts.

Islamic Development Bank Group (ISDBG)

$730 mn As of 17/03/2020

$280 mn from the Bank and Islamic Solidarity Fund for Development for sovereign projects and programs

$300 mn from the International Islamic Trade Finance Corporation for trade finance $150 mn from the Islamic Corporation for the Insurance of

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26

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Investment and Export Credit for insurance coverage.

Arab Bank for Economic Development in Africa (BADEA)

$100 mn As of 27/03/2020

$100 mn to support Sub Saharan African countries’ efforts to prevent and limit the spread of the pandemic

Arab Fund for Economic and Social Development (AFESD)

$3.2 mn As of 30/03/2020

$3.2 mn grant to help Jordan on its efforts in confronting the coronavirus outbreak.

Black Sea Trade and Development Bank (BSTDB)

$20 mn As of 26/03/2020

$20 mn loan agreement with Ardshinbank Bank to support SMEs in Armenia

Central American Bank for Economic Integration (CABEI)

$1.9 billion As of 26/03/2020

$550 mn of emergency budget support $1 billion for central banks

$350 mn to provide liquidity support to commercial banks with the aim of supporting MSMEs S$90 mn for the financial strengthening of Costa Rican state banks

$2.1 mn for the procurement of 150,000 coronavirus test kits $25,000 support to the Trifinio Plan zone (border communities of the Republics of El Salvador, Guatemala and Honduras) for prevention and contingency campaigns

Development Bank of Latin America (CAF)

$2.8 billion Emergency Credit Line of a countercyclical nature and rapid disbursement for up to $2.5 billion, which will serve to support and complement the fiscal measures that governments are applying (as of 23/03/2020)

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27

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Contingent credit line for $300 mn to respond in an agile and timely manner to emergencies that may arise in its shareholder countries (as of 03/03/2020)

Bilateral donors

Australia $4.8 mn

A$5.65 mn ($3.73 mn) out of Department of Foreign Affairs and Trade’s emergency fund. This had been used for Fiji, Timor-Leste, and Papua New Guinea and the Solomon Islands (as of 06/03/2020) $1.062 mn assistance from Australia received by the WHO (as of 03/04/2020)

Azerbaijan $5 mn (As of 03/04/2020)

$10 mn assistance from Azerbaijan received by the WHO

Canada

$113 million (C$159.5 million) As of 05/04/2020

C$84.5 million to international partners to support humanitarian appeals (WHO, UN High Commissioner for Refugees, World Food Programme, UNICEF, International Organisation for Migration, UN Population Fund, International Committee of the Red Cross, International Federation of Red Cross and Red Crescent

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28

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Societies, UN Relief and Works Agency for Palestine Refugees in the Near East, UN Office for the Coordination of Humanitarian Affairs Country-Based Pooled Fund, Food and Agriculture Organization of the

UN

C$40 million to the Coalition for Epidemic Preparedness Innovations for COVID-19 vaccine development C$30 million to address country-specific financial and in-kind requests for assistance to respond to COVID-19 C$5 million to global health security capacity building

China

$20 mn (As of 03/04/2020)

$20.1 mn assistance from China received by the WHO

Finland $1.1 mn (As of 03/04/2020)

$1.1 mn assistance from Finland received by the WHO

France $1.1 mn (As of 03/04/2020)

$1.1 mn assistance from France received by the WHO

Germany

$55 mn

$55 mn (€50 mn) Germany’s

announced assistance to WHO (as of 27/03/2020 of which $28.3 mn

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29

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

received by the WHO (as of 03/04/2020)

Ireland $1.1 mn (As of 03/04/2020)

$1.1 mn assistance from Ireland received by the WHO

Japan $47.5 mn (As of 03/04/2020)

$47.5 mn assistance from Japan received by the WHO

Korea, Rep. of $3 mn (As of 03/04/2020)

$3 mn assistance from Korea, Rep. of received by the WHO

Kuwait $40 mn As of 03/04/2020

$40 mn assistance from Kuwait received by the WHO

Norway $1 mn (As of 03/04/2020)

$1 mn assistance from Norway received by the WHO

Qatar $5 mn (As of 03/04/2020)

$5 mn assistance from Qatar received by the WHO

Saudi Arabia $10 mn (As of 03/04/2020)

$10 mn assistance from Saudi Arabia received by the WHO

United Kingdom

$908 mn (£744 mn)

£150 mn to fund IMF’s Catastrophe Containment and Relief Trust (as of 11/03/2020)

£210 mn funding boost to find a vaccine (as of 26/03/2020), in addition to earlier announcement of £71 mn international aid on vaccines and testing kit research

£40 mn on developing affordable treatments, with the funding going through the

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30

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

Therapeutic Accelerator, a fund for the rapid development of anti-retrovirals or immunotherapies against coronavirus (as of 26/03/2020)

£23 mn on developing easily manufactured test kits, with the funding going through the Foundation for Innovative New Diagnostics, a partnership between academic organisations and pharmaceutical companies (as of 26/03/2020)

£50 mn on a joint campaign with Unilever to promote the importance of hand washing (as of 26/03/2020)

£71 mn previously announced for the research of vaccines and diagnostic tests, to support of the WHO and other international humanitarian organisations (as of 26/03/2020)

£200 million will back UK charities and international organisations to help reduce mass infections in developing countries which often lack the healthcare systems to track and

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31

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

halt the virus (12/04/2020), of which: o £130 million for UN agencies

in response to their urgent appeal for support. Of this, £65 million will go to the WHO

o £50 million to support the Red Cross in difficult to reach areas such as those suffering from armed conflict

o £20 million to NGOs, including UK charities which are using British expertise and experience to deal with coronavirus

United States

$274 mn $100 mn to assist China and other countries impacted by the coronavirus (as of 07/02/2020), of which: o $37 mn support to WHO and

other multilaterals, and programs by US Agency for International Development (USAID) in 25 countries (as of 02/03/2020)

$110 mn international disaster assistance (as of 26/03/2020) $64 mn in humanitarian assistance for the U.N. High Commissioner for Refugees to assist in its pandemic response efforts for some of the world’s

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32

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

most vulnerable populations (as of 26/03/2020)

Private donors

Bloomberg Philanthropies $40 mn As of 17/03/2020

$40 mn for WHO and Vital strategies in supporting lower middle-income countries

Facebook $20 mn As of 13/03/2020

$20 mn donation to support global relief efforts for Covid-19, $10 mn apiece to the Covid-19 Solidarity Response Fund started and to the CDC Foundation

Melinda and Bill Gates Foundation

$100 mn As of 05/02/2020

$100 mn to improve detection, isolation and treatment efforts; protect at-risk populations in Africa and South Asia; and accelerate the development of vaccines, drugs and diagnostics.

Jack Ma and Alibaba Foundation

1.1 mn testing kits, 6 mn face masks, 60,000 protective suits and face shields to all countries in Africa 500,000 testing kits, 1 mn face masks to United States. As of 22/03/2020 Essential medical supplies to 23 Asian countries totalling 7.4 mn

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33

Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

masks; 485,000 test kits; 100,000 sets of protective clothing along with other medical equipment (as of 29/03/2020)

Rockefeller Foundation $20 mn As of 19/03/2020

$20 mn to create a better tracking and management system for COVID-19 and address the needs of America’s workers, families, and vulnerable communities around the world

Twitter CEO $ 1 billion (as of 07/04/2020)

$1 billion to help fund the coronavirus relief effort

Private sectors in country

Barbados: Energy Fiji Limited

Energy Fiji Limited to fully match the Fiji's existing 50% subsidy on the first 100 units of electricity for households earning less than $US13,000 annually (as of 27/03/2020)

Colombia $20 million As of 08/04/2020

Businessman Luis Carlos Sarmiento Angulo has donated COP 80 billion ($20 million) to fight the virus

India: Tata Group $200 mn As of 29/03/2020

Tata Trusts, the philanthropic arm of the Tata group and Tata Sons, committed Rs 1,500 crore to be deployed for purchasing personal protective equipment for medical personnel on the

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Donor Total Balance of payment / macroeconomic response

support

Structural / economic / trade / private sector

Social / health

frontlines, procuring respiratory systems and testing kits, setting up modular treatment facilities for infected patients, and training of health workers and the general public.

Nigeria: United Bank for Africa Chair Tony Elumelu

$12.9 million (as of 07/04/2020)

United Bank for Africa Chair Tony Elumelu announced a donation of N5 billion ($12.9 million) to provide beds for isolation centres and intensive care units.

Compiled by Overseas Development Institute based on news reports (see hyperlinks) as of 12 April 2020. ODI contact person: Sherillyn Raga ([email protected]).


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