Latest coronavirus news: World Bank approves $1 billion emergency funds for India to fight COVID-19

Latest coronavirus news: World Bank approves $1 billion emergency funds for India to fight COVID-19

The Free Press Journal

Washington: The World Bank on Thursday approved $1-billion emergency financing for India to tackle the outbreak, which has claimed 53 lives and infected over 2,000 others in the country.

The World Bank's first set of aid projects, amounting to $1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 nations using the fast-track process, the bank said.

The largest chunk of the emergency financial assistance has gone to India -- $1 billion.

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