World Bank approves initial $1.9 bln in emergency coronavirus funds - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The World Bank on Thursday said it had approved an initial $1.9 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.

“The poorest and most vulnerable countries will likely be hit the hardest,” he said in a statement.

Malpass said he was confident nearly all the Group of 20 major economies would support such debt relief. He said Saudi Arabia and France were leading the effort within the G20 to achieve “common and equitable debt relief,” adding, “It works best if everyone participates.” India, the third largest economy in Asia, will receive the largest share of the initial funding – $1 billion to support better screening for the virus, contact tracing and laboratory diagnostics; pay for personal protective equipment; and set up new isolation wards for those infected, the bank said.

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Konje where does tje world bank get their money from Asking for a friend.

Are you sure this isn't a loan?

Fund fund or a soft loan?

1,9billion for 25countries? That’s about how much the Rupert and the Oppenheimers loaned to SMEs, common world bank you can do better than that, dnt colonize us with those few pieces of silver

That's very good . I would like to ask where is JJ Why this days is quiet and no information about him or his state ? Bring him back on studio please. And what the reason to disappear on Newsroom Africa ?

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