Policy Update

Spain to disburse US$1.9 billion for COVID-19 response in partner countries

As part of the recently released COVID-19 cooperation strategy, the Spanish government plans to disburse €1.7 billion (US$1.9 billion) in official development assistance (ODA) funding to support middle- and low-income countries in addressing the COVID-19 crisis. 

Of this amount, €318 million (US$358 million) will be disbursed as grants and €1.4 billion (US$1.6) as loans. Most of the new funds will be managed by the Ministry of Foreign Affairs, European Union and Cooperation (MAEUEC) and implemented by the Spanish development agency (AECID). Among other interventions, the AECID will channel €70 million (US$79 million) as humanitarian and emergency assistance to development NGOs and multilateral instruments.

Press release – MAEUEC (in Spanish)