logoBC
Yaoundé - 26 February 2024 -
Health

Coronavirus : World Bank Group sets $12 bln package to help combat the pandemic

Coronavirus : World Bank Group sets $12 bln package to help combat the pandemic
  • Comments   -   Thursday, 05 March 2020 15:57

(Business in Cameroon) - On March 3, 2020, the World Bank Group announced that it is providing $12 billion (over XAF7,000 billion) to assist member countries (Cameroon included) in the fight against the coronavirus pandemic.

Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health services to safeguard people from the pandemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies. The financial package, with financing drawn from across IDA, IBRD and IFC, will be globally coordinated to support country-based responses,” the Bretton Woods institution explains.

 “We are working to provide a fast, flexible response based on developing country needs in dealing with the spread of COVID-19. (…) This includes emergency financing, policy advice, and technical assistance, building on the World Bank Group's existing instruments and expertise to help countries respond to the crisis,” says David Malpass, President of the World Bank Group.

BRM

cameroon-s-minister-of-energy-asks-for-patience-over-power-cuts-until-march-2024
For over two months, households and businesses across seven of Cameroon's ten regions connected to the Southern Interconnected Grid (RIS) have been...
cameroon-waives-import-duty-on-190-000-tons-of-rice-from-india-to-combat-rising-prices
To facilitate the import of 190,000 tons of rice from India in March and April 2024, the Cameroon Government has offered a special incentive to importers...
china-remained-cameroon-s-leading-supplier-in-2022-despite-minor-market-share-dip
The National Institute of Statistics recently issued a statement, providing data on Cameroon’s trade exchanges in 2022. According to the document,...
cameroon-s-lng-earnings-soar-by-148-8-in-2022-ins
Cameroon experienced a "spectacular" surge in revenues from liquefied natural gas (LNG) exports in 2022, data from the national stats agency INS showed....

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »