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Signature(s)

Amount (.*)
€ 54,500,000
Countries
Sector(s)
Angola : € 54,500,000
Health : € 54,500,000
Signature date(s)
27/12/2022 : € 4,500,000
24/02/2022 : € 50,000,000
(*) Including a € 4,500,000 Investment Grants provided by the AFRICA INVESTMENT PLATFORM
Link to source

Summary sheet

Release date
31 March 2021
Status
Reference
Signed | 24/02/2022
20200777
Project name
Promoter - financial intermediary
ANGOLA COVID-19 HEALTH RESILIENCE
REPUBLICA DE ANGOLA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 54 million
EUR 57 million
Location
Sector(s)
  • Health - Human health and social work activities
Description
Objectives

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.

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.

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.

Environmental aspects
Procurement

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.

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.

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.

Related projects
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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - ANGOLA COVID-19 HEALTH RESILIENCE
Publication Date
4 May 2021
Document language
Main Topic
Lending
Document Number
137553884
Document Focus
Environmental Information
Project Number
20200777
Sector(s)
Countries
Publicly available
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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