Regarding the economic crisis caused by the Corona virus epidemic, the World Bank said that the estimates are likely to be serious from the economic downturn of 2007-09.
There will be more impact in poor countries
World Bank President David Malpas said during the annual summer meeting with the International Monetary Fund (IMF) that the economic crisis caused by the corona virus is being felt all over the world, but more on poor countries and people there. Will see the effect.
IDA helps poor countries
He said that two-thirds of the world's poorest population lives in countries eligible for assistance from the International Development Association (IDA). This crisis will have the highest impact on them. IDA is a part of the World Bank and helps poor countries.
The economic downturn of 2007-09 will be terrible
The World Bank President said, "In addition to the impact of the corona virus epidemic on health and medicine, we are anticipating a major global economic slowdown. Looking at the decline in production, investment, employment and trade, our assessment suggests that it will be terrible from the economic downturn of 2007-09. "
Estimated to help 100 countries in April
He said that we have helped 64 developing countries so far and we expect to help 100 countries by the end of April. The World Bank is able to help $ 160 billion in the next 15 months. In this, IDA will provide $ 50 billion in assistance at affordable rates.
Kovid-19 help program is based on three principles
Malpas said the Kovid-19 help program is based on three principles of saving poor families, providing security to companies and saving jobs. He said that credit facility is the most effective way to help poor countries.
Earlier, the IMF has also expressed fears that the economic crisis that is causing the corona virus epidemic may be the most serious global economic crisis since the Great Recession of the 1930s.
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel, know how much are the prices in your city
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today companies have changed the prices of oil in Delhi and Chennai. The government had announced a few
PM Modi: 'Pakistan knows it cannot win a direct war, that is why it is sending terrorists', PM Modi exposed the neighbor
Today is the second day of Prime Minister Narendra Modi's Gujarat visit. He inaugurated and laid the foundation stone of various development projects worth Rs 5,536 crore at Mahatma Mandir in
'Forgive me...', Selena Gomez cried inconsolably, unhappy with President Donald Trump's decision, received threats!
These days, America has come into the discussion about some of its big decisions around the world. After taking oath as President for the second time, Donald Trump made some decisions which had an
100 million tests completed; India is the highest test country after China and America; 78.13 lakh cases so far
The figure for Corona Testing in the country has reached 10 crores. India is the third country after China and America to have the highest number of people screened. So far, 16 million people have
India COVID Update: The country got control over Corona, and the positive rate is decreasing rapidly
There is a decrease in the cases of corona in the country. According to the report presented by the Ministry of Health, 170 cases of corona have been reported in the country on Monday. At the same
Android 12 update to be available in Realme 9 5G Speed Edition, know details
Realme 9 5G Speed Edition: Chinese company Realme is now going to update its smartphone Realme 9 5G Speed Edition to Android 12 OS. The company itself has given this information through a
Gyanvapi: Debate on carbon dating investigation of 'Shivling' completed, order likely on October 14
On Tuesday, the Muslim side also lodged its objection to the carbon dating investigation of the alleged Shivling found in Varanasi's Gyanvapi Mosque. With this, the arguments of both parties on the
Taliban arrested ISIS 'mastermind' suspected of Afghan mosque blast, has been involved in many terrorist attacks
Kabul: Taliban forces have arrested a suspected ISIS terrorist who planned a bomb attack on a Shia mosque in Afghanistan that killed at least 12 worshipers. Police said on Friday.
After commenting on Premananda Maharaj, the successor of Jagadguru Rambhadracharya gave clarification, saying a big thing
After an interview with Tulsi Peethadheeswar Jagadguru Swami Rambhadracharya, his successor Acharya Ramchandradas has come forward regarding the controversy. He clarified to the media that Jagadguru
Students raised voices against terror in PAK, protested leaving class
Students have raised their voices against terrorism in Pakistan. In the Khyber Pakhtunkhwa province of Swat district, students skipped classes and took part in the demonstration. The protest was held
