THE WORLD BANK GROUP’S RESPONSE TO THE COVID 19 (CORONAVIRUS) PANDEMIC

As countries around the world work to contain the spread and impact of COVID-19, the World Bank Group has mounted the largest crisis response in its history to help developing countries strengthen their pandemic response. With the pandemic’s rapid spread into developing countries, the World Bank Group is working hard to deliver support to clients. From April 2020 to March 2021, the Bank Group committed over $200 billion, an unprecedented level of financial support, to public and private sector clients to fight the impacts of the pandemic. Our support is tailored to the health, economic, and social shocks that countries are facing. The Bank Group’s support is helping developing countries save lives and detect, prevent, and respond to COVID-19. The financing is also helping address the health emergency, strengthen health systems, protect the poor and vulnerable, support businesses, create jobs and jump start a green, resilient, and inclusive recovery. In addition to ongoing support for health systems, our operations emphasize social protection, especially through cash transfers, as they’ll as poverty alleviation and policy-based financing. The World Bank is also working to restructure, redeploy, and reallocate existing resources in projects it finances.