Kenya - COVID-19 Emergency Response Support Program (ERSP) (AFDB-P-KE-K00-007)

Countries
  • Kenya
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 22, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Kenya
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 112.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported U.A 152,589,971.27
Converted using 2020-05-22 exchange rate.
Loan Amount (USD)
$ 1,112.16 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 15, 2020


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The proposed loan to the Republic of Kenya for 188 million Euros is to finance the COVID-19 Emergency Response Support Program in Kenya. 


The project is designed as a Crisis Response Budget Support. The program results from a request of the Government of Kenya dated 17th April 2020 and was appraised on 18 to 20 April 2020. The design of the program considered good practice principles on conditionality. The purpose of the program is to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and to mitigate its economic and social impacts. The operational policy objectives of the program are:(i) to strengthen the health system for an effective response to the pandemic;(ii) to strengthen economic resilience against the pandemic; and (iii) enhance ability by the poor and the vulnerable to cope with the impact of the pandemic. The expected outcomes of the program are:(i) enhanced capacity to conduct targeted testing and containment of COVID-19; (ii) increase in the number of Small and Medium Enterprises (SMEs)) protected; and (iii) increase in the percentage of the vulnerable population(including female) covered by social safety nets.

 


The goal of the ERSP operation is to support the Government of Kenya’s efforts to respond to the COVID-19 pandemic and to mitigate its economic and social impacts.Consistent with the Government’s plan to address the crisis, the operational policy objectives of the program are to; (i) strengthen the health system for an effective response; (ii) strengthen economic resilience against the pandemic; and (ii) enhance ability by the poor and the vulnerable to cope with the impact of the pandemic. The program consists of three broad mutually reinforcing components namely: (i) strengthening the health system for an effective response, (ii) strengthening economic resilience against COVID-19 shocks; and (iii) enhancing social protection against COVID-19 impact. The three components reinforce each other in that component 1 seeks to contain the spread of the virus and lay a foundation for return to normalcy for businesses and livelihoods; component 2 focuses on economic resilience by supporting fiscal measures to keep businesses afloat during and after the pandemic; while component 3 seeks to protect the vulnerable not to dispose their assets and slide into poverty.

 

 
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

AfDB Staff

KOMA Baboucarr

b.koma@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/.

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How it works