JICA provides $289m support to fight COVID-19 under initiative with AfDB

The Japan International Cooperation Agency has agreed a loan of up to JPY30 billion ($289 million) to support Mauritius’ response to the COVID-19 pandemic and rebuild its economy.

The loan is a parallel co-financing agreement between JICA and the African Development Bank under the Enhanced Private Sector Assistance for Africa joint initiative to spur private sector-led sustainable and inclusive growth in Africa. The co-financing arrangement will help the Mauritius government contain the pandemic, secure livelihoods, and boost the resilience of the economy.  

A total commitment of $3.5 billion is targeted under the current EPSA4 over the period 2020 to 2022, with each of the partners co-financing up to $1.75 billion.