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.
- 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
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
