COVID-19: India to get $1B emergency funding from World Bank (Ld)

COVID-19: India to get $1B emergency funding from World Bank (Ld)

India TV

COVID-19: India to get $1B emergency funding from World Bank (Ld)

The World Bank has announced that India is to receive $1 billion in emergency financing to fight the COVID-19 pandemic. The assistance will support better screening, contact tracing, and laboratory diagnostics, procurement of personal protective equipment, creation of new isolation wards, the bank said on Thursday.

It is the bulk of the first package of $1.9 billion fast-track aid that was approved by the Board of Executive Directors under a fast-track programme, the bank said.

The rest of the aid will go to 24 other countries and the bank said that new operations are moving forward in over 40 countries.

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