|  | 

General

Coronavirus pandemic to push 60 mln into extreme poverty: World Bank

The World Bank has warned coronavirus crisis threatens to push some 60 million people into extreme poverty, wiping out the gains made over the past three years.

In a conference call, President World Bank David Malpass said bank is already financing aid programs in 100 countries, under its commitment to spend 160 billion dollars over the next 15 months.

He urged donor nations to step up bilateral aid to poorer countries to ensure a durable recovery amid corona pandemic.

 

Source: Radio Pakistan

coronavirus-pandemic-to-push-60-mln-into-extreme-poverty-world-bank

ABOUT THE AUTHOR

POST YOUR COMMENTS

About Us

Yes, it is true that the Business Observer does what its name reveals, means covering the news from all the industries, which are putting their efforts into accelerating the economy of Pakistan.

Monthly Archives

Categories

ad news