Categories: International

World Bank announces 12 billion USD aid to fight coronavirus

The World Bank announced 12 billion USD to assist countries that are grappling with economic impacts of coronavirus. The virus has reached 60 countries so far. The World Bank is to provide financial aid for the countries to act upon the needs and develop a fast response towards the spread of the virus.

The bank released a statement announcing an emergency fast track package that includes low-cost loans, grants, and technical assistance. This includes emergency financing, policy advice, and technical assistance, building on the World Bank Group’s existing instruments and expertise to help countries respond to the crisis.

Important takeaways for all competitive exams:

  • President of World Bank: David Robert Malpass.
  • Headquarter of World Bank: Washington DC.

Find More International News 

Sumit Arora

Recent Posts

Uttarakhand Tourism Announced India’s First Astro Tourism Campaign Named ‘Nakshatra Sabha’

The Uttarakhand Tourism Development Board has teamed up with Starscapes, an astro-tourism company, to introduce…

2 days ago

UNESCO Guillermo Cano Prize 2024 Awarded to Palestine Journalists in Gaza

In a gesture of solidarity and recognition, Palestinian journalists covering the crisis in Gaza have…

2 days ago

Sanjaya Kumar Mishra to head GST Appellate Tribunal

Retired Justice Sanjaya Kumar Mishra has been appointed as the President of the Goods &…

2 days ago

RBI Approves Re-appointment of Atanu Chakraborty as HDFC Bank Part-Time Chairman

Atanu Chakraborty's re-appointment as part-time Chairman of HDFC Bank for three years, effective from May…

2 days ago

American Express Announces Inauguration of 1 Million Sq Ft Campus in Gurugram

American Express is set to inaugurate its expansive new campus in Gurugram, spanning nearly one…

2 days ago

World Press Freedom Index 2024 Announced, India Ranked 159th Out of 180 Countries

In the latest edition of the World Press Freedom Index published annually by Reporters Without…

2 days ago