March 13, 2020 (Awdinle Online) – As COVID-19 (coronavirus) reaches more than 110 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global outbreak. This financing is designed to help member countries take effective action to respond to, and, where possible, lessen the tragic impacts posed by COVID-19.
Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, disease surveillance, and public health interventions, and work with the private sector to reduce the impact on economies. The financial package drawing from across IDA, IBRD and IFC will be globally coordinated to support country-based responses.
Source by world bank