The World Bank is moving quickly to help the countries in the East Asia Pacific region save lives and preserve livelihoods in the wake of the COVID-19 global pandemic. Emergency operations have already been approved under the COVID-19 fast-track facility for Cambodia, Indonesia, Lao PDR, Marshall Islands, Mongolia, Myanmar, Papua New Guinea, and the Philippines.
These operations provide emergency financing for the purchase of medical and laboratory supplies, training of medical staff, and strengthening national public health systems. Each country-level operation is tailored to the specific context and epidemic status of the country.
The World Bank is also working with countries to redeploy existing projects to fight the COVID-19 pandemic by reallocating funds, triggering emergency components of existing projects, and activating Catastrophe Deferred Drawdown Options (CAT DDOs). So far this has been done in Cambodia, Mongolia, the Philippines, Samoa, and Vanuatu.
In a second phase of the COVID-19 response, to help countries address the anticipated severe economic, social and poverty impacts, the Bank is working with countries to strengthen social protection measures for the poor and vulnerable, support businesses and safeguard jobs, and advance the reforms needed to shorten the time to recovery and build conditions for broad-based and sustainable growth.
Last Updated: Jun 26, 2020