World Bank Approves $1 Billion Aid To India to Fight Covid-19

Team SoOLEGAL 3 Apr 2020 3:07pm

World Bank Approves $1 Billion Aid To India to Fight Covid-19

A fast-track $1 billion Indian COVID-19 Emergency Response and Health Systems Preparedness Project has been approved by the Board of Executive Directors of the World Bank to help India tackle the coronavirus outbreak, which has claimed 76 lives and infected 2500 others in the country and strengthen its public health preparedness.

The World Bank's first package of aid initiatives, worth $1.9 billion, will assist 25 countries and new operations are going forward with the fast-phase in more than 40 nations, the bank said. India has been granted the largest chunk of the emergency financial assistance. This is the Bank's biggest support to India for the health sector ever.

"The World Bank Group is taking broad, fast action to reduce the spread of COVID-19 and we already have health response operations moving forward in over 65 countries," World Bank Group President David Malpass said.

This latest program would meet the needs of infected people, at-risk communities, medical and emergency employees and service providers, research and testing facilities, and national and animal health agencies, covering all states and Union territories throughout 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 authorizing the first package of emergency aid operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 response.

Procurement of test kits; establishment of new isolation wards — including turning of hospital beds into intensive care unit beds; prevention and control of infections; and procurement of personal protective equipment, ventilators and medicines, especially in district hospitals and designated infectious disease hospitals, under the project will be increased; a World Bank statement said on Friday.

Tagged: World Bank   Covid-19   Health Systems   coronavirus outbreak   David Malpass   emergency  
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