The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

World Bank commits $12 billion to fight coronavirus Covid-19

The new aid is targeted at developing countries; demand is already seen in all regions.


The World Bank has stepped in to intervene in the coronavirus Covid-19 outbreak with an immediately available commitment of $12 billion to help developing countries fight the disease as it spreads around the world.

The assistance is a mix of old and new commitments across all the World Bank’s member organizations.

Some $2.7 billion is new financing from the International Bank for Reconstruction and Development (IBRD). There is also a new slug of $4 billion from the International Finance Corporation (IFC), to complement existing trade facilities of $2 billion.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree