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Cabo Verde: World Bank increases Covid-19 funding to €17 6 mln

The World Bank has increased its support for Cabo Verde’s covid-19 response plan to €17.6 million from April 2020, closing a third additional financing for the purchase of tests, protective equipment and vaccines, among others. The agreement, signed on 3 July between the Cabo Verdean state and the International Development Association (IDA), of the World Bank Group, provides further funding, amounting to seven million SDRs (Special Drawing Rights, equivalent to €8.43 million), to be repaid by Caby Verde by June 2061. Of this total additional funding, €6 million will be allocated to the purchase of vaccines against Covid-19, according to the terms of the agreement, to which Lusa had access today.

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