Business
World Bank Group earmarks $1 bn financial support to India
![World Bank Group Earmarks 1 Bn Financial Support To India](https://i0.wp.com/twistarticle.com/wp-content/uploads/2020/04/world-bank-group-earmarks-1-bn-financial-support-to-india.jpg?fit=400%2C267&ssl=1)
New Delhi, April 3 (IANS) The World Bank Group has earmarked $1 billion emergency financing support to India to curb the spread of COVID-19.
The funding comes as a part of the group’s first set of emergency support operations for developing countries around the world.
Accordingly, the group will use a dedicated, fast-track facility for COVID-19 (coronavirus) response.
“In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards,” the group said in a statement.
–IANS
rv/pgh/