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.
The Front Northern Alliance, created to save Afghanistan, has waged a war against the Taliban. Th
AFG vs IRE: Afghanistan could not celebrate Rashid Khan's return, Ireland washed out in 1st T20I
Thanks to the excellent bowling of leg spinner Ben White (4 wickets) and fast bowler Josh Little
British Prime Minister Boris Johnson has spoken to Ukrainian President Volodymyr Zelensky about t
Night curfew time changed in UP, know how long the ban will be in which city
Night curfew times have been changed in ten cities due to the increasing case of corona in UP. Wh
Explained: Where and why there is dispute on the border between India and China?
The land border of China's neighboring country China is contiguous with 14 different countries of
Kantara Chapter 1: Jr NTR praises 'Kantara Chapter 1', calls Rishabh Shetty a mix of actor-director
Rishabh Shetty's upcoming film "Kantara: Chapter 1" continues to generate considerable buzz. Audi
Rumored girlfriend Sara Tendulkar was seen with Shubman Gill, the user said- 'Rumors are true'
Indian cricketer Shubman Gill makes a lot of headlines in his game as well as his game. Many time
South China Sea Conflict: 90% of Australia's fuel imports in danger due to dispute, report reveals
Australia needs to be prepared to meet its needs amidst China's heated argument over Taiwan and t
What does his relationship with Bangladesh mean for India?
Since the onset of the Covid-19 epidemic, Prime Minister Narendra Modi has not gone on any foreig
The second match of the three-match Test series between Pakistan and Australia is being played in
