The African Development Bank (AfDB) announced a contribution of €600,000 to support the Cape Verdean Government’s emergency response to Storm Erin, which caused nine deaths on São Vicente Island in August.
“The funds provided by the bank will be used to purchase food and deliver water to affected communities,” reads the document detailing the support, dated Monday (27), and reported by Lusa.
The food will be purchased locally in an operation aimed at ensuring “that the affected populations have access to shelter, potable water, food, healthcare, and other essential needs,” the document adds.
The support will also be used to repair 21 water catchments, several kilometers of irrigation channels, pipelines, and reservoirs, both for drinking water supply and agricultural use.
The Cape Verdean Government announced a week ago that the emergency intervention, which will last until 2026, is budgeted at €45 million, with funding secured thanks to archipelago emergency funds (€17 million) and partner support. A resilient reconstruction plan is also being prepared, with an indicative value of €350 million to be implemented over ten years.
The government expects that half of the reconstruction funding will come from partners through donations, concessional financing, multilateral guarantees, or debt conversion into a climate fund, ensuring that disbursements do not impact the country’s macroeconomic indicators or currency stability.
Source: Diário Económico
