All pan-African financial institutions are being called upon to support this war effort. The West African Development Bank (WADB) has already released 120 billion CFA francs in the form of 15 billion CFA franc loans (€23 billion) to each of its eight member states. The bank has undertaken to freeze part of these countries’ debt, estimated at 76.6 billion CFA francs. The Arab Bank for Economic Development in Africa (BADEA) has earmarked $100 million to support sub-Saharan African countries in their efforts to prevent and contain the spread of the pandemic. The African Export-Import Bank (Afreximbank) announced a $3 billion Pandemic Trade Impact Mitigation Facility to help central banks in African countries deal with the economic impacts, including trade defaults, of the Covid-19 pandemic. This fund will also serve to support and stabilise the foreign exchange resources of member countries’ central banks, enabling them to back critical imports under emergency conditions.