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World Bank Announces $1 Billion Social Protection Package For India To Fight COVID-19

In a big move, the World Bank on Friday announced a $1 billion social protection package for India to aid the country's efforts to fight the dreaded Coronavirus

World Bank

In a big move, the World Bank on Friday announced a $1 billion social protection package for India to aid the country's efforts to fight the dreaded Coronavirus pandemic. This $1 billion social protection package would be linked to the Government's programs and schemes launched to aid the vulnerable section of the population, hard-hit amid the pandemic. 

While speaking on the Government's schemes to aid the vulnerable, Junaid Ahmad, World Bank Country Director for India said, "Social distancing has led to a slowdown of the economy. The Government of India has focused on Garib Kalyan Yojna to help protect the poor and vulnerable as a bridge between health interventions are happening and where the economy can be revived."

More details on the package are still to follow. 

Read: Lockdown In India Has Impacted 40 Million Internal Migrants: World Bank

Meanwhile, a few days ago the World Bank announced that they were ready to launch a new multi-donor trust fund, in the wake of a public health crisis, to help developing countries get better prepared for disease outbreaks. The new Health Emergency Preparedness and Response Multi-Donor Fund (HEPRF) will be in addition to the earlier announced support of up to $160 billion of financing it will provide for 15 months to support COVID-19 measures.

In India, the death toll due to the novel Coronavirus rose to 2,649 and the number of cases climbed to 81,970 on Friday, with 100 more deaths and 3,967 fresh cases being reported in the past 24 hours, according to the Union Health Ministry. The number of active COVID-19 cases stood at 51,401 as 27,919 people were cured and discharged, and one patient migrated, the ministry said.

Read: India's COVID-19 Cases Cross 80,000 Mark; Death Toll At 2,649; 27,920 Recoveries So Far

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