Tracking Covid-19 financing at Development Banks
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This is meant to be a crowd-sourcing effort. We are all responsible to maintain the accuracy of this. Please add any banks that you are following.
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This sheet is meant to be for high level commitments from banks. Tracking of project level data will be done at https://ewsdata.rightsindevelopment.org/projects/ Please contact International Accountability Project about any follow ups in this regard.  The next tab has a copy of the data from EWS as of April 3, Friday night, Malaysia time.
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Total commitments tracked92.935
Billion USD
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Bank nameAmount (million)CurrencySectorDetailsStated underlying goalDate of last updateBy who?Source 1Source 2Source 3Source 4Source 5
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World Bank
(Note: IFC and World Bank are doing joint $ 14 billion Fast Track Facility)		6000USDGovernment/HealthFast track financing to governments; $2.7 billion new financing from IBRD; $1.3 billion from IDA; $ 2 billion redeployed from ongoing World Bank projectsTo strengthen health systems and disease surveillancehttps://www.worldbank.org/en/news/press-release/2020/03/17/world-bank-group-increases-covid-19-response-to-14-billion-to-help-sustain-economies-protect-jobs
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International Finance Coroporation2000USDInfrastructure, manufacturing, agriculture, services, & healthReal Sector Crisis Response Facility - loans and if necessary, equity investments in existing client companies. Support industries vulnerable to the pandemic, and companies in healthcare sector that are seeing an increase in demand.https://www.worldbank.org/en/news/press-release/2020/03/17/world-bank-group-increases-covid-19-response-to-14-billion-to-help-sustain-economies-protect-jobs?cid=ECR_TT_worldbank_EN_EXT
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2000USDFinancialGlobal Trade Finance Program - cover the payment risks of financial institutions so they can provide trade financing to companies that import and export goodsSupporting small and medium-sized enterprises involved in global supply chains.https://www.worldbank.org/en/news/press-release/2020/03/17/world-bank-group-increases-covid-19-response-to-14-billion-to-help-sustain-economies-protect-jobs?cid=ECR_TT_worldbank_EN_EXT
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2000USDFinancialWorking Capital Solutions program - provide funding to emerging-market banks to extend creditHelp businesses shore up their working capital, the pool of funds that firms use to pay their bills and compensate workers.https://www.worldbank.org/en/news/press-release/2020/03/17/world-bank-group-increases-covid-19-response-to-14-billion-to-help-sustain-economies-protect-jobs?cid=ECR_TT_worldbank_EN_EXT
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2000USDFinancialGlobal Trade Liquidity Program, and the Critical Commodities Finance ProgramRisk-sharing support to local banks so they can continue to finance companies in emerging markets.https://www.worldbank.org/en/news/press-release/2020/03/17/world-bank-group-increases-covid-19-response-to-14-billion-to-help-sustain-economies-protect-jobs?cid=ECR_TT_worldbank_EN_EXT
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African Development Bank3000USDGovernment and Private SectorLargest US dollar denominated Social bond transaction to date in capital marketsFlexible responses aimed at lessening the severe economic and social impact.https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-launches-record-breaking-3-billion-fight-covid-19-social-bond-34982
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5500USDGovernmentsFor sovereign operations in African Development Bank countriesEmergency response support to assist help African countries to protect lives, and fast-track their efforts to contain the rapid spread of COVID-19.https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-group-unveils-10-billion-response-facility-curb-covid-19-35174
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3100USDGovernment and Regional actorsFor sovereign and regional operations for countries under the African Development Fund, the Bank Group's concessional arm that caters to fragile countrieshttps://www.afdb.org/en/news-and-events/press-releases/african-development-bank-group-unveils-10-billion-response-facility-curb-covid-19-35174
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1350USDPrivate sectorDevoted to private sector operationshttps://www.afdb.org/en/news-and-events/press-releases/african-development-bank-group-unveils-10-billion-response-facility-curb-covid-19-35174
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Asian Development Bank3600USDGovernmentSovereignResponses to the health and economic consequences of the pandemichttps://www.adb.org/news/adb-announces-6-5-billion-initial-response-covid-19-pandemic
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2000USDNot-clear; likely to include significant FnancialNon-sovereignTo suppport micro, small, and medium-sized enterprises, domestic and regional trade, and firms directly impactedhttps://www.adb.org/news/adb-announces-6-5-billion-initial-response-covid-19-pandemichttps://www.adb.org/news/adb-triples-covid-19-response-package-20-billion
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1000USDNot-clear
Concessional resources through reallocations from ongoing projects
https://www.adb.org/news/adb-announces-6-5-billion-initial-response-covid-19-pandemic
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40USDNot-cleartechnical assistance and quick-disbursing grantshttps://www.adb.org/news/adb-announces-6-5-billion-initial-response-covid-19-pandemic
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13000USDGovernment
Establishment of establishment of a COVID-19 Pandemic Response Option under ADB’s Countercyclical Support Facility. Note: ADB's total $20 billion package includes about $2.5 billion in concessional and grant resources.
to help governments implement effective countercyclical expenditure programs to mitigate impacts of the COVID-19 pandemic, with focus on the poor and the vulnerable. Grant resources are for providing medical and personal protective equipment and supplies from expanded procurement sources.https://www.adb.org/news/adb-triples-covid-19-response-package-20-billion
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European Bank of Reconstruction and Development1000EuroNot clearFunding for existing clientsEmergency liquidity, working capital and trade financehttps://www.ebrd.com/news/2020/ebrd-unveils-1-billion-emergency-coronavirus-financing-package.html
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European Investment Bank20000EuroFinancialDedicated guarantee schemes to banks based on existing programmes for immediate deploymentMobilising up to €20 billion of financinghttps://www.eib.org/en/about/initiatives/covid-19-response/index.htm
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5000EuroFinancialDedicated liquidity lines to banks to Ensure additional working capital support for SMEs and mid-caps of €10 billionhttps://www.eib.org/en/about/initiatives/covid-19-response/index.htm
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2000EuroFinancialDedicated asset-backed securities purchasing programmes Allow banks to transfer risk on portfolios of SME loans, mobilising another €10 billion of supporthttps://www.eib.org/en/about/initiatives/covid-19-response/index.htm
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Inter-American Development Bank2000USDGovernmentsDisease monitoring, testing and public health services. And work with countries that have undisbursed loan balances to redirect resources to pandemic-response effortshttps://www.iadb.org/en/news/idb-ready-help-member-countries-address-coronavirus
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Islamic Development Bank280USDGovernmentsfrom the Bank and Islamic Solidarity Fund for Developmentfor sovereign projects and programs including in the form of grants, concessional resourceshttps://www.isdb.org/news/second-statement-on-isdb-group-emergency-response-to-the-impact-of-the-covid-19-pandemic-in-member-countries
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Combined USD 730: "Strategic Preparedness and Response Facility"300USDNot-clear; likely to include significant Fnancialfrom International Islamic Trade finance Corporationfor trade financehttps://www.isdb.org/news/second-statement-on-isdb-group-emergency-response-to-the-impact-of-the-covid-19-pandemic-in-member-countries
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150USDNot-clear; likely to include significant Fnancialfrom Islamic Corporation for the Insurance of Investment and Export Credit for political and risk insurance coveragehttps://www.isdb.org/news/second-statement-on-isdb-group-emergency-response-to-the-impact-of-the-covid-19-pandemic-in-member-countries
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1270USDNot-clearThis appears to be additional contributions from WHO and other UN Agencies, Philanthropic and international NGOs, OIC and other regional Agencies, as well as private contractors and suppliers.Part of IsDB's “The 3 Rs Package” (Respond, Restore, and Restart)https://www.isdb.org/news/an-article-from-the-president-of-the-islamic-development-bank-group-are-we-ready-for-the-post-covid-19-world
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Asian Infrastructure and Investment Bank5000USDpublic and private sector entitiesDedicated financing for the next 18 months to help overcome immediate financial pressures and maintain critical long-term investments that otherwise may not be possible.To support emergency public health needs, such as health infrastructure for emergency preparedness and clients whose infrastructure investments are severely impacted; provide financing to preserve productive capacity of productive sectors, including manufacturing.https://www.aiib.org/en/news-events/news/2020/AIIB-Looks-to-Launch-USD5-Billion-COVID-19-Crisis-Recovery-Facility.html
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5000USDNot clear; likely same as aboveDoubling to respond to demand which substantially exceeded the USD5 billion(1) to help alleviate health care pressures in the form of health infrastructure and pandemic preparedness; (2) liquidity support through on-lending facilities and credit lines via financial institutions to address working capital and liquidity shortages and (3) immediate fiscal and budgetary support, in partnership with other multilateral development banks, so governments can focus on addressing the human and financial impacts of COVID-19.https://www.aiib.org/en/news-events/news/2020/AIIB-Doubles-COVID-19-Crisis-Response-to-USD10-Billion.html
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[Other 1]
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New Development Bank985USDGovernmentRMB 7 billion Emergency Assistance Program Loan to the People’s Republic of China. No overarching commitments other than this loan to China.To finance urgent and unexpected public health expenditures in three provinces of China (Hubei, Guangdong and Henan) in financing their most urgent needs for fighting the spread of COVID-19, and reducing the adverse impacts of the outbreak on their local economies.https://www.ndb.int/press_release/ndb-board-of-directors-approves-rmb-7-billion-emergency-assistance-program-loan-to-china-to-fight-covid-19-outbreak/
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Cross-cutting
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1)
Increased confinancing
https://www.ebrd.com/news/2020/ebrd-president-discusses-coronavirus-response-with-mdb-heads-.html
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- MDBs have discussed their readiness to co-finance projects
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- Working to ensure their governance approaches allow for swift delivery of their covid-19 financing
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2)
World Bank presented a $160 billion response to the Board to finance support operations over the next 15 months tailored to the nature of the shock the country is facing.
https://www.worldbank.org/en/news/statement/2020/03/27/world-bank-group-president-david-malpass-remarks-to-the-international-monetary-and-financial-committee
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3)
Ongoing joint COVID-19 Response Initiative led by IMF and WB with an anticipated package of $120 billion USD
https://www.isdb.org/news/an-article-from-the-president-of-the-islamic-development-bank-group-are-we-ready-for-the-post-covid-19-world
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Islamic Development bank to coordinate with others including Asia Infrastructure Investment Bank, OPEC Fund for International Development, Saudi Fund, and Kuwait Fund for Development for responding to the COVID-19 Pandemic.
https://www.isdb.org/news/second-statement-on-isdb-group-emergency-response-to-the-impact-of-the-covid-19-pandemic-in-member-countries
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IsDB plans supporting economic recovery and countercyclical spending, with a targeted US $10 billion that aims to unlock $1 trillion USD worth of investments.
https://www.isdb.org/news/an-article-from-the-president-of-the-islamic-development-bank-group-are-we-ready-for-the-post-covid-19-world
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