The World Bank on Thursday approved $1 Billion emergency financing for India to tackle the coronavirus outbreak.
In the first set of operations, the World Bank approved $1.9 Billion in total, with $1 Billion going to India.
‘In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards,” the World Bank said after its Board of Executive Directors approved the first set of emergency support operations for developing countries around the world.
In South Asia, the World Bank also approved $200 million for Pakistan, $100 million for Afghanistan, $7.3 million for Maldives and $128.6 million for Sri Lanka.
The World Bank said it is now working to grant up to $160 billion over the next 15 months to support measures to tackle the pandemic.