• Tue. Apr 23rd, 2024

World Bank Commits $12bn Emergency aid Package

The World Bank has committed $12bn (£9.4bn) in aid for developing countries grappling with the spread of the coronavirus.

The emergency package includes low-cost loans, grants and technical assistance.

The action comes as leaders around the world pledge to shield their countries from the economic impact of the outbreak.

It follows warnings that slowdown from the outbreak could tip countries into recession.

The aid is intended to help countries improve their public health response to the crisis, as well as work with the private sector to reduce the economic impact.

BBC


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