The COVID-19 pandemic has unleashed both a global health emergency and an unprecedented economic crisis of historic magnitude. In India, the pandemic and the national lockdown from March-May 2020 affected both lives and livelihoods. The World Bank Group responded to the crisis by closely supporting Government of India’s (GOI) strategy of tackling the pandemic in three phases. In the first phase, the Bank partnered with GOI to support India’s immediate health needs. The second phase saw a program to help the poor and vulnerable communities deeply affected by the pandemic. The third phase was about economic stabilization and included a Bank-supported project for medium small and micro enterprises (MSMEs). By the end of June 2020, the World Bank approved $2.75 billion in emergency lending to support India’s response to the COVID-19 crisis. Watch the video to know more on World Bank’s support to India’s response.
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