The World Bank announces up to $ 12 billion in immediate funds for the coronavirus

WASHINGTON: The world Bank On Tuesday, it announced an initial sum of $ 12 billion in immediate funds to help countries deal with the economic and health effects of the virus outbreak that has spread rapidly from China to some 80 countries.

world Bank President David Malpass said there were still "many unknowns" about the fast-spreading virus and "much more" aid might be required, but he declined to elaborate.

The announcement underscored the growing concern about the economic and human impact of the virus.

the World Health Organization (WHO) on Tuesday warned of a global shortage of protective equipment to combat the disease, as well as a price increase as the number of deaths from respiratory disease increased.

También el martes, la Reserva Federal de EE. UU. Redujo las tasas de interés en un movimiento de emergencia para tratar de evitar una recesión mundial, y the funcionarios de finanzas del grupo G7 de países ricos dijeron que estaban listos para adoptar medidas fiscales y monetarias cuando corresponda.

Malpass pidió a the países que coordinen sus acciones a nivel regional e internacional, diciendo que la velocidad y la amplitud de la respuesta serían críticas para salvar vidas.

Estamos anunciando hoy un paquete inicial de apoyo inmediato que pondrá a disposición hasta $ 12 mil millones para responder a las solicitudes de the países de financiar la crisis de sus necesidades inmediatas y también para disminuir the trágicos impactos de la crisis, dijo.

" the point is to move fast; speed is needed to save lives," Malpass said during a teleconference with reporters. "There are scenarios where much more resources may be required. We’ll adapt our approach and resources as needed."

the Bank's , which helps the world's poorest countries, could also receive additional funds in the second quarter of 2020 if its Pandemic Emergency Financing Facility (PEF) is triggered, which has not occurred yet, Malpass said.

Eso no requeriría que the funcionarios de salud global declaren el brote como una pandemia, agregó.

Los países pobres con sistemas de salud débiles fueron the más vulnerables en tales brotes, dijo, pero la experiencia pasada con el Ébola y otros brotes mostró que tomar las medidas correctas rápidamente podría disminuir la transmisión de la enfermedad y salvar vidas.

También advirtió a the países que no tomen medidas que limiten aún más el comercio.

Some countries had already requested help, Malpass said, but refused to name them.

the world Bank said the $12 billion in fast-track grants, loans and low-interest loans would help developing countries provide better access to health services, strengthen disease surveillance and bolster public health interventions, as well as work with the private sector to reduce the impact on economies.

Aproximadamente $ 4 mil millones de the fondos serán reprogramados de otros instrumentos del Banco, dijeron las autoridades.

the Bank said its International Financial Corporation (IFC) trabajará con clientes de bancos comerciales para expandir las líneas de financiamiento comercial y capital de trabajo a medida que the países se apresuran a obtener the suministros necesarios para contener el virus.

the IFC will also work with corporate clients in strategic sectors such as medical equipment and pharmaceuticals to sustain supply chains and limit downside risks.

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