About: http://data.cimple.eu/news-article/814b70a40bd2df0dd69f205a9ff1a0a201733665b32a1a6b8d69348c

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About: http://data.cimple.eu/news-article/814b70a40bd2df0dd69f205a9ff1a0a201733665b32a1a6b8d69348c Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The World Bank on Thursday approved a plan to roll out $160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic. The board of the Washington-based development lender announced the first set of fast-track crisis funding, with an initial $1.9 billion going to projects in 25 countries, and operations moving forward in another 40 nations, the bank said in a statement. "We are working to strengthen developing nations' ability to respond to the COVID-19 pandemic and shorten the time to economic and social recovery," said World Bank President David Malpass. "The poorest and most vulnerable countries will likely be hit the hardest, and our teams around the world remain focused on country-level and regional solutions to address the ongoing crisis." The bank also is working to redeploy $1.7 billion of existing funding, including the use of "catastrophic drawdowns," a type of emergency credit line. India will be the largest beneficiary of the first wave of programs with a facility for $1 billion, followed by Pakistan with $200 million and Afghanistan with a little over $100 million, but funding is going to countries on nearly every continent, the bank said. In addition, the World Bank's private sector arm, the International Finance Corporation, is providing $8 billion in financing "to help private companies affected by the pandemic and preserve jobs." hs/jm
schema:headline	World Bank to roll out $160 bln emergency aid over 15 months
schema:mentions	World Bank Afghanistan Pandemic Pakistan India Coronavirus Severe acute respiratory syndrome coronavirus 2 President of the United States International Finance Corporation David Malpass
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-04-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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