World Bank creates Sh1trn funding pool in coronavirus fight

Health Chief Administrative Secretary Rashid Aman. PHOTO | JEFF ANGOTE

The World Bank Group has created a financing pool of Sh1.23 trillion ($12 billion) for developing economies as coronavirus spreads to more than 77 countries.

The package — which includes a concessionary credit line and a grant — is designed to help member countries take effective action to respond to and where possible, ease the tragic impacts of the virus, the bank said in a statement on Wednesday.

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