Ihuoma Chiedozie, Abuja The World Bank on Tuesday said it had extended emergency support in the campaign against the COVID-19 pandemic to 100 developing countries – home to 70 per cent of the world’s
population.
The statement explained that since March, the World Bank Group had rapidly delivered record levels of support in order to help countries protect the poor and vulnerable, reinforce health systems, maintain the private sector, and bolster economic recovery. “The pandemic and shutdown of advanced economies could push as many as 60 million people into extreme poverty, erasing much of the recent progress made in poverty alleviation,” World Bank Group President, David Malpass, said.
Nearly one-third of the total projects are in fragile and conflict-affected situations, such as Afghanistan, Chad, Haiti, and Niger.
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