Coronavirus: World Bank approves $20m in healthcare assistance for Tunisia – The National

Coronavirus: World Bank approves $20m in healthcare assistance for Tunisia – The National

Coronavirus: World Bank approves $20m in healthcare assistance for Tunisia. The funding follows the IMF's provision last month of a $745m emergency loan to tackle the Covid-19 outbreak. The World Bank approved a $20m scheme for Tunisia to support the country's healthcare sector during the Covid 19 pandemic.. The latest project fast-tracks an allocation of $15m made in April to the North African country for emergency health expenditures.. The total of $35m disbursed to Tunisia will support the country's health ministry in procuring essential medical equipment and supplies as it battles the pandemic and increases its response to new cases.. The World Bank's funding follows the approval last month of a $745m emergency loan from the International Monetary Fund to Tunisia to tackle the outbreak.. Tunisia's economy is projected to shrink 4.3 per cent in 2020 - its deepest recession since it gained independence in 1956, according to the IMF.. Moody's placed the North African country on review for a downgrade last month as it faces weak near-term growth amid the coronavirus pandemic..