World Bank approves $160b emergency aid over 15 months

MG News | April 03, 2020 at 10:15 AM GMT+05:00

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April 3, 2020: The World Bank has approved 160 billion dollar emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic.

The Bank said in a statement that its board approved the first set of fast-track crisis projects with an initial 1.9 billion dollar going to 25 countries and operations moving forward in another 40 nations.

Talking to reporters in Washington, World Bank President David Malpass said our teams around the world remain focused on country-level and regional solutions to address the ongoing crisis.

India will be the largest beneficiary of the first wave of programs with a facility for one billion dollars, followed by Pakistan with 200 million dollars and Afghanistan with over 100 million dollars.

Radio Pakistan

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