Egypt - Proposal for a Grant of USD 0.5 Million for an Emergency Humanitarian Relief Assistance Amidst COVID-19 (AFDB-P-EG-AAB-009)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 6, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Egypt
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jul 21, 2020


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Project Description

According to the bank website, the project objective is to improve the availability of and access to food for targeted beneficiaries affected by COVID-19. The committee has identified several priority interventions to be implemented in the short-term of which food relief is considered very important and thus the intervention will be only a food relief support.

Provision of emergency food supply for informal sector workers who lose their livelihoods as a result of a lock-down related to COVID 19 and people with limited mobility (USD490,000). This component would finance delivery of basic food supplies to 37,000 persons. A basic package of food rations would be procured, prepared and delivered by the government through Egypt Food Bank.The Egyptian Food Bank package cost around EGP 200(USD 13.2) per carton of food.

 

Investment Description
  • African Development Bank (AFDB)
Contact Information

Project Contacts

MOHAMEDAHMED Siham Abdel Rahman

Email: s.mohamedahmed@afdb.org

 

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.