The World Bank has come forward to help developing countries deal with global epidemic coronavirus. It has approved a grant of 12 billion dollars (about 88 thousand crores) to these countries as assistance. This money will be utilized in the treatment of the coronavirus. The decision was taken at a board meeting of the Executive Directors of the World Bank on Tuesday. The bank has also announced to support the campaign to vaccinate 100 crore people.
On the other hand, President David Malpass said that World Bank has started this financial program to help the needy countries of the world. In countries that have fewer facilities to protect against coronavirus, it will be helpful in preventing the virus from spreading. The fund will be provided with the advice of experts and help in the formulation of the policy.
It is necessary to deliver affordable and effective vaccines to all countries: World Bank
Malpass said that it is necessary to deliver affordable and effective vaccines to all countries to deal with Coronavirus. Its delivery system should be strong. The epidemic has affected many countries of the world, financial losses have also occurred. He said that vaccines have not been develop yet, but the delivery of these will have to start properly in all countries. A large scale vaccination drive has to be started to prevent the epidemic.
World Bank approved a loan of $ 5.13 billion to India:
Earlier, it had approved a similar amount to India for the prevention of coronavirus. This year, the World Bank gave India a loan of US $ 5.13 billion during the 2020 fiscal year (July 2019-June 2020). This includes $ 2.75 billion given over three months for the corona epidemic. In May, the World Bank announced a $ 1 billion (about Rs 7500 crore) social security package to India.