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Cabo Verde: African Development Bank Group approves 30 million euros loan to fight COVID-19

The Board of Directors of the African Development Bank has extended a loan of €30 million to Cabo Verde to help the West African island nation fight the COVID-19 outbreak and mitigate its economic impacts.

The loan, approved on 26 May, will be used to fund the country’s health and social response, support macro-economic stability, and assist the private sector.