posted on Mar, 4 2020 @ 05:27 AM
World Bank announces $12bn assistance to
The World Bank announced a $12 billion aid package on Tuesday that will support countries to combat the coronavirus outbreak. While talking to media
the World Bank President David Malpass said,
"The goal is to provide fast, effective action that responds to country need."
"It is critical to recognize the extra burden on poor countries, least equipped in the struggle to prevent the spread of the COVID-19 virus," he
In a statement, the bank said, "The funds, some of which are targeted to the world's poorest nations, can be used for medical equipment or health
services and will include expertise and policy advice.
" The coronavirus started from central China in December has swallowed over 3,000 lives worldwide so far and infected more than 90,000 people.
Malpass further said "the money, $8 billion of which is new, will go to countries that request help.
" Currently, the bank has been in contact with many countries, but it didn't clarify that which member nation would receive aid first. "The point is
to move fast. Speed is needed to save lives," he said in a conference call.
"We want to make the best use of the World Bank's extensive resources and global expertise and the historical knowledge of crises," he said.
edit on 4-3-2020 by richarathore because: (no reason given)