Malpass says World Bank finalizing $160 billion coronavirus relief package

By: - March 26, 2020
IMF and World Bank hold Fall Meetings in Washington
FILE PHOTO: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank’s 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, U.S., October 17, 2019. REUTERS/Mike Theiler

March 26, 2020

WASHINGTON (Reuters) – The World Bank’s board is finalizing a package of coronavirus relief valued at up to $160 billion over the next 15 months, the development lender’s president, David Malpass said on Thursday.

“The goals are to shorten the time to recovery; create conditions for growth; support small and medium enterprises; and help protect the poor and vulnerable,” Malpass said in a statement issued after a G20 leaders call on Thursday.

He added that the health crisis hit close to home, as former World Bank U.S. executive director Carole Brookins has died of COVID-19, the disease caused by the coronavirus.

(Reporting by David Lawder and Andrea Shalal; Editing by Chizu Nomiyama)



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