The World Bank is providing large net positive flows to the world’s poorest countries and making rapid progress in directing up to $160 billion to our client countries.
Debt service suspension is a powerful, fast-acting measure that can bring real benefits to people in poor countries, particularly countries that don’t have the financial resources to respond to the coronavirus (COVID-19) crisis.
This Series offers insights into innovative and state-of-the-art solutions that can guide countries to build more inclusive and sustainable economies that are resilient in the face of pandemics, climate change and other threats.
The World Bank Group expects to deploy up to $160 billion over 15 months through June 2021 in financing tailored to the health, economic, and social shocks countries are facing as a result of the COVID-19 pandemic.
In this series on World Bank Live we focus on the ideas and actions that will help countries as they look beyond the pandemic. Recovery from COVID-19 will be an opportunity for countries to build resilience, improve inclusion and ensure economic growth.
IFC is providing $8 billion in fast-track financial support to existing clients to help sustain economies and preserve jobs during this global crisis, which will likely hit the poorest and most vulnerable countries the hardest. Our response consists of four financing facilities.