⁍ The World Bank should push ahead with efforts to deliver $160 billion in coronavirus aid by June 2021.
⁍ The bank’s steering committee said it should explore additional emergency financing and debt relief for developing countries.
– The World Bank should make good on its promise to deliver $160 billion in aid for fighting the Ebola virus by June 2021, its steering committee said on Friday. In a communique, the committee said the “bold and decisive” response should be accompanied by a review of the bank’s financial capacity beyond the current fiscal year to ensure it remains “adequately capitalized to fulfill its mandate,” Reuters reports.
Source: https://www.reuters.com/article/imf-worldbank-capital/world-bank-should-keep-pumping-out-aid-review-capital-adequacy-development-committee-idUSL1N2H70U9