The World Bank Group Moves Quickly to Help Countries Respond to COVID-19
April 2th, 2020 – The World Bank Group is acting quickly to step up support as countries respond to the COVID-19 crisis and face a wide range of consequences, including the risk of global recession.
With approval today from its Board, the Bank Group is immediately launching emergency support through operations around the world. And this urgent help to governments and companies is just the start of a broader effort. Given the unprecedented challenges that COVID-19 poses, the Bank Group expects to deploy up to $160 billion over the next 15 months to help countries protect the poor and vulnerable, support businesses, and bolster economic recovery.
Written by The World Bank
Related Post
SME Digitalisation to manage shocks and...
Although uptake of digital practices by SMEs continues to increase, so too has the “digital gap” with larger firms. Understanding the dr...
Fostering convergence in SME sustainability reporting
Small and medium-sized enterprises (SMEs) play a pivotal role in driving sustainable economic growth. Representing over 90% of businesses gl...
Advancing gender parity in entrepreneurship: strategies...
Gender parity in entrepreneurship is not just a moral imperative but a crucial driver of economic growth and innovation. Closing the gender ...
