ANGOLA COVID-19 HEALTH RESILIENCE

Promoter – Financial Intermediary

REPUBLICA DE ANGOLA

Location

• Angola

Description

The project will support the government of Angola in the implementation of its COVID-19 national response and plan. This includes the acquisition of medical equipment and supplies, medicines, logistics, vaccines and vaccination campaigns, as well as the strengthening of the medical heath system from a pandemic preparedness viewpoint.

Additionality and Impact

This project will support Angola's efforts to respond to the Covid-19 pandemic by financing vaccines, essential medicines and primary health care services. The project contributes to the "Team Europe" initiative and is in line with the expected results of the EIB Infrastructure Package for ACP/OCT countries. The combination of the special conditions and long-tenor of the EIB loan, with the EU grant funding under the special circumstances of the pandemic will ensure that the project delivers a more pandemic resilient health system to a population of 32 000 000 in Angola, by making available the necessary tests, vaccines, medical equipment, personal protection equipment and medicines. The project will also include implementation support from UNDP and WHO to the Ministry of Health, aimed at strengthening local capacity. Thus, the created health benefits and externalities will contribute to the achievement of a pandemic resilient health system, improving equity of access to high quality and efficiently provided medical care. Furthermore, the project will bring benefits to the society at large, by preventing the economic and social losses associated with the current COVID-19 or future pandemics.

Objectives

The objective of the operation is to support Angola to meet emergency and pandemic resilience needs in the health sector, directly related to the COVID-19 pandemic and in line with the national response plan. The project is expected to prepare the country's health system for a further escalation and spread of the pandemic and save human lives, while also contributing to the creation of significant economic benefits driven by the preservation of the health status of the population.

Comments

The project will contribute towards the achievement of Sustainable Development Goal (SDG) 3 (Good Health and Well-Being), to which both the EU and the EIB are fully committed.

Sector(s)

• Health - Human health and social work activities

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Proposed EIB finance (Approximate amount)

EUR 54 million

Total cost (Approximate amount)

EUR 57 million

Environmental aspects

The Bank will require the Promoter to ensure that the implementation of the project will be done in accordance with the Bank's Environmental and Social principles and standards.

Procurement

The Bank will require the Promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

Status

Signed - 24/02/2022