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.
Written by The World Bank
Related Post
Alibaba Steps Up Global Outreach to...
Alibaba Group has recently intensified efforts to bring AI tools and training to SMEs across several countries, a pattern worth noting for W...
The Impact of the Iran Conflict...
Geopolitical shocks are reaching small and medium-sized enterprises faster than ever. According to a recent analysis by Trade Finance Global...
U.S. Small Businesses Pull Back on...
A cluster of fresh data released this week paints a cautious picture for small businesses in the United States: hiring ambitions are fading,...
