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. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

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.

A further $1.3 billion comes from the International Development Association (IDA), while the final $2 billion represents a reprioritization of the World Bank’s existing portfolio.

The aid puts into perspective the $195.8 million that would be potentially available to the poorest countries from the World Bank’s 2017 pandemic bond issue, which is subject to a complex series of triggers before it can pay out.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

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