We hope this finds you and your families as well as can be under present circumstances. This week’s Focus Friday will highlight some of the World Bank Group’s COVID-19 news to keep you informed on all the latest updates.
Press Release: World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs
- The International Finance Corporation (IFC), a member of the World Bank Group, will increase its COVID-19 related financing to $8 billion, up from $6 billion, to support private companies and their employees hurt by the economic downturn caused by the spread of COVID-19. This brings the total World Bank Group package to $14 billion.
Tweet of the week: Tedros Adhanom Ghebreyesus @DrTedros
- “Glad to see @WorldBank's increased investment in the #coronavirus response: $14 billion to help sustain economies and protect jobs as #COVID19 affects communities, countries, businesses and economies.”
Factsheet: Interested in learning more about how the World Bank supports countries with COVID-19?
- Check out this factsheet with more details on how the World Bank Group fast tracks US$14 billion in financing, complemented by policy advice and technical assistance, to help developing countries cope with the health and economic impacts of the COVID-19 pandemic.
- Illegal trade was likely the conduit through which COVID-infected animals were brought into contact with humans.
- As we have seen from previous health emergencies, most recently the Ebola outbreaks, the impact on education is likely to be most devastating in countries with already low learning outcomes, high dropout rates, and low resilience to shocks.
Blog: "Home Sane Home"
- As the world struggles to fight the unprecedented COVID-19 pandemic, over 2 billion people still do not have access to a toilet, and hundreds of millions cannot even wash their hands at home.
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