Economics
World Bank Offers $12 Billion in Virus Aid to Developing Nations
- Support is meant to provide rapid initial response to epidemic
- Malpass says bank will offer additional resources if needed
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The World Bank announced a $12 billion immediate support package to help poorer countries confront the health and economic impacts from the spread of coronavirus.
The financing is aimed at helping developing nations strengthen their health systems and work with the private sector to reduce the economic effects of the epidemic, the lender said in a statement Tuesday in Washington.