The World Bank will deploy $ 160 billion in emergency aid for 15 months

WASHINGTON: The world Bank On Thursday, it approved a plan to deploy $ 160 billion in emergency aid for 15 months to help countries deal with the impact of the global pandemic.

The board of the Washington-based development lender announced the first set of accelerated crisis financing, with an initial income of $ 1.9 billion for projects in 25 countries, and operations are progressing in 40 other nations, the bank said in a statement. .

"We are working to strengthen developing nations' ability to respond to the and shorten the time to economic and social recovery," said world Bank President David Malpass.

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