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Business News of Saturday, 25 April 2020

Source: undp.org

Coronavirus: $30 million Rapid Response Facility launched for vulnerable countries

Pre-existing conditions such as poverty, insecurity, weak governance and fragile infrastructure in low-and middle-income countries threaten to exacerbate the impact of COVID-19 if not immediately addressed. UNDP’s Rapid Response Facility aims to help expedite and facilitate this urgent support.

Support enabled by the Facility includes the purchase of essential medicines for patients, personal protective gear for healthcare workers, testing supplies, and local initiatives that aim to raise awareness and engage communities on the risk of COVID-19.

A month since the Facility’s launch, 83 countries have benefited, amounting to $23.3 million in committed resources. Funding for support via the Facility comes from repurposed core resources, as well as funding provided by donors to UNDP’s crisis-response Funding Window.

In keeping with the One UN approach, all funding requests must align with the programmes and initiatives of the other UN agencies in the country under the leadership of the UN Resident Coordinator and, most critically, with the priorities of the government concerned.

“The Rapid Response Facility is helping to fast-track life-saving efforts on the ground and roll-out socio-economic response & recovery strategies -- from the procurement of critical protective equipment and medical supplies to the application of digital solutions such as e-health and e-government platforms to ensure business continuity,” said UNDP Administrator Achim Steiner.

“As part of the UN System response to COVID-19, UNDP, through the re-programming of its portfolio and additional funding, expects to deploy up to $500 million of rapid financing and support to more than 100 countries to prepare, respond and recover from the devastating effects of COVID-19”.

UNDP’s overall support on COVID-19 includes three key elements: resources to help prepare for and help stop the spread of the virus, support to respond during the outbreak itself, and resources to cushion against the hardest economic losses and social disruption and help countries recover from the long-term impacts.

This seed money provided by the RRF is helping keep core functions in government operating, and funds are being used in 20 countries – including Bhutan, Cote d’Ivoire and Yemen – to provide digital and ICT solutions to allow governments to work remotely during the COVID crisis. Other innovations include using satellite imagery for response planning in Moldova, the systemic sanitization of small business supply chains in Colombia and widespread support of informal enterprises in many countries switching their production to personal protective equipment (PPE).

UNDP’s work draws on its experience in delivering large-scale health programmes for the Global Fund and partners in more than 50 countries. For example, from 2014 to 2017, UNDP provided health procurement and supply-chain strengthening services in more than 30 countries with US$1 billion in agreements, while generating savings of US$65 million in the procurement of HIV medicines alone.

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