World Bank Unveils $12BN Aid To Fight Coronavirus

World Bank Unveils $12BN Aid To Fight Coronavirus

Yusuf Dotun

The World Bank has unveiled a $12 billion aid package that will provide fast track funds to help countries fight the coronavirus outbreak.

The World Bank President, David Malpass, said the main aim of this is to provide fast and effective response to countries in needs.

He said that it is critical to recognize the extra burden on poor countries, least equipped in the struggle to prevent the spread of the COVID-19 virus.

The funds, which part is targeted at the world’s poorest nations, can be used for medical equipment and will include expertise and policy advice.

The coronavirus that broke out in central China in December has killed more than 3,000 people and infected over 90,000 people worldwide.

Malpass said the money will go to countries that requested help. The bank has been in contact with many member nations, but he did not specify which country will receive the aid first.

The President reiterated that the World Bank funding has helped in recent years to fight the Ebola and Zika outbreaks but the point is to move fast, as speed is needed to save lives.

Happenings Media