World Bank Deployed $157 Billion To Fight Pandemic In 15 Months

This represents an increase of more than 60 per cent over the 15-month period prior to the pandemic, the bank said on Monday.

In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. This represents an increase of more than 60 per cent over the 15-month period prior to the pandemic, the bank said on Monday. "Since the start of the pandemic, the World Bank Group has committed or mobilised a record USD 157 billion in new financing, an unprecedented level of support for an unprecedented crisis," World Bank Group President David Malpass said. "We will continue to provide critical assistance to developing countries through this ongoing pandemic to help achieve a more broad-based economic recovery," he said.