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World Bank to roll out USD 160 bln emergency aid over 15 months

PTI | Washington DC | Updated: 03-04-2020 01:06 IST | Created: 02-04-2020 23:38 IST
World Bank to roll out USD 160 bln emergency aid over 15 months
Representative image Image Credit: www.worldbank.org

The World Bank on Thursday approved a plan to roll out USD 160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic

The board of the Washington-based development lender announced the first set of fast-track crisis funding, with an initial USD 1.9 billion going to projects in 25 countries, and operations moving forward in another 40 nations, the bank said in a statement

"We are working to strengthen developing nations' ability to respond to the COVID-19 pandemic and shorten the time to economic and social recovery," said World Bank President David Malpass.



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