Abb Takk News

World Bank Approves 200 Million Dollar Aid For Pakistan

WASHINGTON: The World Bank has approved 200 million dollar emergency aid over 15 months to help Pakistan deal with the impact of the global coronavirus pandemic.

As per the statement issued by the World Bank, the aid can be used to comply with the emergency needs of health and to curb the adverse effects caused by the novel coronavirus.

It also mentioned the aid will boost Pakistan’s capacity to testing the corona cases and monitoring spread and it will also help to fulfill the need of a ventilator and other related medical equipment.

The Bank said in a statement that its board approved the first set of fast-track crisis projects with an initial 1.9 billion dollar going to 25 countries and operations moving forward in another 40 nations.

Talking to reporters in Washington, World Bank President David Malpass said our teams around the world remain focused on country-level and regional solutions to address the ongoing crisis.

India will be the largest beneficiary of the first wave of programs with a facility for one billion dollars, followed by Pakistan with 200 million dollars and Afghanistan with over 100 million dollars.