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.

More…https://www.worldbank.org/en/news/feature/2020/04/02/the-world-bank-group-moves-quickly-to-help-countries-respond-to-covid-19

Written by The World Bank

Related Post

thumbnail
hover

COP29 can ensure SMEs thrive in...

The transition to a just, resilient, net-zero future is not possible without small and medium-sized businesses, known as SMEs. They are the ...

thumbnail
hover

Financing SMEs and Entrepreneurs 2024

Since 2020, a series of shocks to the global economy has had significant impacts on small and medium-sized enterprises (SMEs) and entreprene...

thumbnail
hover

SMEs can benefit from integrating growth...

Accounting for about 30% of global greenhouse gas emissions, the industrial sector is accelerating its efforts to achieve net zero by 2050 ...

CLOSE
CLOSE