The World Bank to spend over $160 billion to help low income countries respond to COVID 19
April 2, 2020
The World Bank is donating $82million to Ethiopia to help support the response to the spread of COVID 19.
The World Bank said on Thursday that “Health systems are strained in Ethiopia and Yemen.”
Fana Broadcasting Corporate (FBC), State-affiliated media, reported that the Fund would finance Ethiopia’s effort to help prevent the spread of Coronavirus. Specifically, it will finance call centers, isolation centers, and for the purchase of health supplies for centers that are recently established as part of the response to the COVID 19 epidemic in the country.
The Fund is part of The World Bank’s $160 billion “support to client countries over the next 15 months,” it introduced to help “Help Countries Respond to COVID-19,” the Bank announced on its website on Thursday.
It is also noted that “…in Djibouti, Ethiopia, and Yemen, among other countries, the increase in resources to fight the pandemic will also support long-term efforts that strengthen and build the capacity of the national health system.”
Until April 1, Ethiopia’s Ministry of Health confirmed only 29 confirmed patients, and three of the patients have reportedly recovered from it completely.
But the Ethiopian economy has already been significantly impacted by the pandemic.
The world bank seems to have observed that “many of the world’s low- and middle-income countries are still in the early stages of the COVID-19 pandemic, but the impact is already being felt.”
Ethiopia has been unable to conduct extensive testing for the Coronavirus epidemic as test centers are limited in the country. A month or so ago, Ethiopia was even unable to conduct a test in the country and samples were sent to South Africa whenever there was a need to do the test.
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