Addis Ababa, April 28, 2020 (FBC) –“Team Europe” has expressed its commitment to strongly support Ethiopia in its coronavirus (COVID19) response.
It has already provided €25 million as a rapid response to the Ethiopian health sector, out of the initial €200 million for 2020.
“Team Europe” is an initiative launched by European Union (EU) and Member States to support partner countries around the world with €20 billion to fight the COVID19 outbreak.
“Team Europe” package has the aim of supporting the most vulnerable countries and people most at risk, in the EU’s neighbourhood, with special emphasis on Africa, and also in the Pacific, in Latin America and the Caribbean.
The package combines resources from existing programmes (some €11 bn), plus support from financial institutions such as the European Investment Bank and the European Bank for Reconstruction and Development (€5 bn), and from EU Member States (€4bn).