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World Bank gives India US$1 Billion in Coronavirus funding

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NEW DELHI: The World Bank has offered India US$1 billion to finance the country’s fight against the coronavirus pandemic.

The funding will enable the Indian government to boost its efforts to control human-to-human infections, including reducing local transmission and containing the epidemic from getting worse, the Washington-based institution said.

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“The World Bank is working in close partnership with the Government of India to provide urgent and flexible support to the country as it fights the spread of COVID-19,” said Junaid Ahmad, World Bank country director for India.

“This operation is expected to enhance surveillance capacities, strengthen diagnostic systems, and expand the capacity of laboratories. But, COVID-19 is not only a health challenge. It has deep social and economic implications,” he said in a statement.

India has seen a significant increase in coronavirus cases in recent days.

The number of reported cases rose to 2,567 on Friday and the death toll was 72.

— BERNAMA