The World Bank announces an initial $12 billion in immediate funds to assist countries grappling with the health and economic impacts of the coronavirus virus outbreak
World Bank President David Malpass said there were still"many unknowns" about the fast-spreading virus and"much more" aid might be required, but he declined to elaborate.
The World Bank on Tuesday announced an initial $12 billion in immediate funds to assist countries grappling with the health and economic impacts of the coronavirus virus outbreak that has spread quickly from China to over 60 countries. Malpass called on countries to coordinate their actions on a regional and international level, saying the speed and breadth of the response would be critical to saving lives.
"The point is to move fast; speed is needed to save lives," Malpass said during a teleconference with reporters. "There are scenarios where much more resources may be required. We’ll adapt our approach and resources as needed."
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