ACP COVID-19 HEALTH AND ECONOMIC RESILIENCE

The project concerns a Programme Loan dedicated to mitigate the impacts of the novel coronavirus (COVID-19) pandemic in the ACP countries. The investment facility aims to provide financing towards a range of measures to support the health emergency response and pandemic prepareness interventions as well as the economic hardships experienced in the countries by small and medium sized enterprises (SMEs) and midcaps.

The project will support the ACP countries to provide citizens access to critical health and civil protection measures in addition to providing support to SME and midcap enterprises during and in the aftermath of the COVID-19 pandemic. The project will contribute to the countries' pandemic preparedness and response efforts in the fight against COVID-19 and addresses the gaps in their available infrastructure, equipment, medical materials and pharmaceutical needs in the face of the pandemic. The project will also contribute to increasing liquidity for SMEs and Midcaps and thus limiting negative economic impacts of the pandemic. The operation is expected to provide the healthcare sector and local businesses the capability to deal with, and the support to endure, the COVID-19 pandemic and aid in the mid-term recovery process post crisis.

The promoters have to ensure that the implementation of the project will be done in accordance with the EIB's Environmental and Social principles and standards.

The promoters have to implement the project in line with the EIB's Guide to Procurement.