Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis
WASHINGTON, March 17, 2020 — The World Bank and IFC’s Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. The package will strengthen national systems for public health preparedness, including for disease containment, diagnosis, and treatment, and support the private sector.
Out of precaution World Bank Group events up to May have either been postponed or cancelled. We are still unclear on how the World Bank Group will proceed with events after May. In this blog post we selected the largest event messaging concerning COVID-19, The events include: 2020 IMF/World Bank Group Spring Meetings, Fragility Forum 2020, and the Land and Poverty conference.
Thank you, Prime Minister Abe, for being such a gracious host.
It is a great pleasure to be here during the new era of Reiwa, “Beautiful Harmony.” And it’s a true pleasure that the World Bank and Japan have maintained harmony since the early 1960s, notably when the World Bank made a loan to help fund the construction of the bullet train ahead of the 1964 Tokyo Olympics. I’ll ride that train tonight as I go to Tokyo. The bullet train and Japan’s many other advances enhanced connectivity and helped lead to Japan’s fast growth and its successful graduation from World Bank lending soon after the Olympics in 1966.