AID AVAILABLE
The World Bank announced that it is making $12
billion available to provide immediate support
to low-income countries dealing with the health
and economic impacts of the coronavirus.
World Bank President David Malpass said the
money will go to help developing nations
strengthen their health systems that are fighting
an epidemic that has already spread to more
than 60 countries.
“The point is to move fast,” Malpass told
reporters. “Speed is needed to save lives.”
Of the $12 billion in support, $8 billion
represents new funds and $4 billion is being re-
allocated from existing programs, Malpass said.
The World Bank funds are designed to help
countries detect when the virus crosses their
borders and purchase medical equipment to
treat any outbreaks.