World Bank Group Increases COVID-19 Response to $14 Billion To Help Sustain Economies, Protect Jobs

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.

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