World Bank Approves US$1.98 billion for 25 Countries

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The World Bank has approved US$1.9 billion dollars for 25 countries. The largest amount of assistance was US$ 200 million for India, followed by US$ 200 million for Pakistan, US$ 129 million for Sri Lanka,US$100 million for Afghanistan and US$83 million for Ethiopia.

World Bank President David Malpass told Associated Press news agency that the bank could provide up to US$ 160 billion in assistance over the next 15 months.

World Bank officials said the emergency resources would include money to purchase critical medical supplies such as masks and ventilators.

The officials said the approval of the first round of support for 25 countries will be followed quickly with aid to another 40 countries.

Malpass said the proposal was discussed at last week’s conference call with US President Donald Trump and other G-20 leaders.

Source: AP