World Bank approves initial $1.9 billion in emergency coronavirus funds


  • World
  • Friday, 03 Apr 2020

FILE PHOTO: World Bank President David Malpass attends the "1+6" Roundtable meeting at the Diaoyutai state guesthouse in Beijing, China November 21, 2019. REUTERS/Florence Lo

WASHINGTON (Reuters) - The World Bank on Thursday said it had approved an initial $1.9 billion (£1.53 billion) in emergency funds for coronavirus response operations in 25 developing countries, with more than half the aid earmarked to help fight the fast-spreading disease in India.

Action on projects in scores of emerging market countries is expected in the coming days and weeks, the World Bank said.

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