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Current Affairs

World Bank Offers Financial Help to India to Combat COVID-19

Current Context: World Bank approves $1 billion emergency funds for India to tackle the COVID-19 outbreak. This is the largest chunk of emergency financial assistance by the World Bank to India in response to the COVID-19 emergency response and health systems preparedness project.
World Bank Offers Financial Help to India to Combat COVID-19
  • COVID-19 emergency response and health systems preparedness project is a four-year project which will enable India to prevent, detect, and respond to the COVID-19 pandemic and strengthen its public health preparedness.
  • This new support will cover all states and Union Territories across India and address the needs of infected people, at-risk populations, medical and emergency personnel and service providers, medical and testing facilities, and national and animal health agencies
  • In India, USD 1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment, and set up new isolation wards

Static part: 

  • HQ of World Bank: Washington D.C. United States
  • President of World Bank: David Malpass
  • MD and CFO of World Bank: Anshula Kant

Question: 

Q.1 Who has offered $1 billion financial assistance to India to combat COVID-19?
a.World Bank
b. IMF
c. International Finance Corporation
d. Asian Development Bank

Q.2 What is the amount that was offered by the World Bank to India for the proposed COVID-19 emergency response & health systems preparedness project?
a. USD 1 Billion
b. USD 10 million
c. USD 150 million
d. USD 2 Billion
World Bank Offers Financial Help to India to Combat COVID-19 World Bank Offers Financial Help to India to Combat COVID-19 Reviewed by Neha Verma on April 03, 2020 Rating: 5

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