World Bank unveils US$12 billion aid to combat Covid-19 | The Malaysian Insight

On the global coronavirus outbreak, the World Bank president says ‘speed is needed to save lives’. – The Malaysian Insight file pic, March 4, 2020.

THE World Bank yesterday unveiled a US$12 billion aid package that will provide fast-track funds to help countries combat the Covid-19 outbreak. “The goal is to provide fast, effective action that responds to country needs,” president David Malpass told reporters. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

G7 finance, central bank chiefs to hold talks amid Covid-19 outbreak | The Malaysian InsightGovts scrambling to respond to outbreak which has now killed more than 3,000 people.
Source: msianinsight - 🏆 8. / 63 Read more »

Most Asia markets rise as virus fears offset by bank support hopeAnalysts warn of further trading turmoil as governments struggle to contain outbreak. FMTNews Asia Market Lol
Source: fmtoday - 🏆 5. / 72 Read more »

Asia shares bounce back as Bank of Japan promises support for economyBANGKOK (AP): Share prices in Asia bounced back Monday (March 2) from last week's retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. Under Muhyiddin, asia shares recover
Source: staronline - 🏆 4. / 75 Read more »

After a US$1 trillion wipeout, emerging markets bank on stimulusSINGAPORE/HONG KONG: With the world reeling from one of the biggest risk sell-offs since the 2008 global financial crisis, more Covid-19 (coronavirus)-fueled declines in emerging markets may only be tempered by the prospect of coordinated central bank action or large fiscal stimulus.
Source: staronline - 🏆 4. / 75 Read more »

Bank Negara lowers OPR by 25bps to 2.5%KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%.
Source: staronline - 🏆 4. / 75 Read more »

I didn't ask Najib to open bank accounts, says Jho LowThe fugitive financier also says in a witness statement he had no decision-making authority over SRC International and 1MDB. FMTNews JhoLow
Source: fmtoday - 🏆 5. / 72 Read more »