Friday, April 3, 2020

India to get emergency funding from World Bank

 World Bank has approved $1-billion emergency financing for India to tackle the corona virus outbreak, which has claimed 53 lives and infected 2,500 others in the country.

The World Bank's first set of aid projects, amounting to $1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 nations using the fast-track process, the bank said.

The largest chunk of the emergency financial assistance has gone to India -- $1 billion.

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