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World Bank could deploy $150 bln over 15 months in coronavirus battle (Reuters)
World Bank could deploy $150 bln over 15 months in coronavirus battle (Reuters)
Last Modified: 04:55 PM, Mon Mar 23, 2020
23 March 2020
WASHINGTON (Reuters) - World Bank Group President David Malpass on Monday said that the development lender could deploy as much as $150 billion in resources over the next 15 months to help developing countries fight and recover from the coronavirus pandemic.
Malpass, in a statement to G20 finance ministers and central bank governors released by the World Bank, also called on G20 creditor nations to allow the poorest countries to suspend all payments on bilateral debt while they battle the virus.
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Creditline: Reuters
Slugline: HEALTH-CORONAVIRUS/G20-WORLDBANK (URGENT)
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