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IMF, World Bank release funds to aid Covid-19 battle: These nations benefit

More than 2.14 million people in more than 210 countries and territories have been reported to be infected by the coronavirus globally, and as many as 143,744 have died so far

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FILE PIC: Health staff in full protective gear enter the Menara City One condominium which is under lockdown in Kuala Lumpur, Malaysia | Photo: AP/PTI

Agencies Washington

The International Monetary Fund (IMF) and the World Bank are providing emergency funds to developing and low-income countries across the world to strengthen their efforts to battle rapidly spreading coronavirus. Moreover, the World Bank Group (WBG) was expected to launch health emergency programmes in over 100 countries by the end of April to support the fight against Covid-19, with 64 already in operation, President David Malpass said on Friday.

Malpass said the WBG would work to deploy as much as $160 billion over the next 15 months, tailored to the nature of the health, economic and social