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.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World Bank approves delayed $500 million education loan to Tanzania - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The World Bank has approved a $500 million education loan to Tanzania after years of delays because of concerns about the country’s policy of banning pregnant students from public schools SABCNews World Bank the greatest Advocate of democracy, what an irony.😂😂😂😂🤔 But, what act though, thank you.
Source: SABC News Online - 🏆 32. / 51 Read more »

Fuel price drops - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The fuel price has dropped by almost R2 per litre from midnight, although the nationwide lockdown means most motorists will not benefit from this immediately. CoronavirusInSA coronavirus sabcnews Exactly This government is clever ne? 🤣 TanzieOtsile Register to a platform that can earn you good cash,while you are home and self quarantined instead of staying at home and doing nothing, inbox me and I'll show you how, earn money while you are home and self quarantined its 100% Legit and Trusted. WhatsApp: +14146009041
Source: SABC News Online - 🏆 32. / 51 Read more »

Possible job losses after lockdown - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Labour Expert from Mabhala Consulting, Bukani Mngoma, says people may lose jobs after the COVID19 disaster as employers may want to re-organise operations. sabcnews There's no 'MAY' they will definitely lose jobs.
Source: SABC News Online - 🏆 32. / 51 Read more »

Contralesa contemplating postponing initiations - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Congress of Traditional Leaders of SA says it is contemplating postponing initiations this year due to the coronavirus. CoronavirusInSA sabcnews But isn't that breaking a TRADITION Eish yigxaki le coz senze amalungiselelo for lonyaka then next year sifuna udlulela kumgca ongezatsi Mabangangxami kaloku ayithi lento lentsholongwane ayizuphela
Source: SABC News Online - 🏆 32. / 51 Read more »