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


You May Also Like

Gov Idris Funds Construction of Kebbi Renewed Hope Secretariat

Kebbi State Coordinator of the Renewed Hope Agenda, Alhaji Sambo Aliyu Gwandu,…

Nat’l Assembly Open Week Begins, Speaker Seeks Public Participation

Speaker of the House of Representatives, Abbas Tajudeen, has urged Nigerians to…

Senate Queries Revenue Agencies Over Nonappearance at Interactive Session

The Senate Committee on Finance has warned heads of some government agencies…

New Book Explores National Assembly’s Role in Democratic Governance

Nigerian Ambassador to Germany, Senator Ita Enang, has described a new book…
Download FRCN Kaduna Hausa App