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Title: World Bank says Covid-19 to push 60 mn into poverty; announces $160 bn assistance to 100 countries
Source:The Economic Times
Date:20 May 2020

The coronavirus pandemic is expected to put over 60 million people into extreme poverty globally, the World Bank has said as it announced emergency operations worth USD 160 billion in 100 developing countries to fight the deadly virus. Of the 100 countries, home to 70 per cent of the world's population, 39 are in Sub-Saharan Africa. Nearly one-third of the total projects are in fragile and conflict-affected situations, such as Afghanistan, Chad, Haiti, and Niger. The programmes will reinforce healthcare systems and also help procure vital life-saving medical equipment and supplies. And these programmes contain mechanisms that allow other donors to rapidly expand the programme.


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