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The World Bank on Monday formally set aside $195.84 million from its pandemic emergency financing facility (PEF) for 64 poor countries to help in their fight against the coronavirus Covid-19 outbreak that began in China on December 31.
The move brings to a formal end the four-month wait to see whether and how the World Bank’s pandemic bonds and swaps, which supply the funds to the PEF through loss of principal, would pay out.
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