World Bank has given India $2.75bln in COVID-19 response – ZAWYA

World Bank has given India $2.75bln in COVID-19 response – ZAWYA

World Bank has given India $2.75bln in COVID-19 response | ZAWYA MENA Edition HomeEconomyGlobalArticleWorld Bank has given India $2.75bln in COVID-19 response India reported 24,850 new COVID-19 infections in the last 24 hours    Workers walk past an Indo-Tibetan Border Police (ITBP) officer at the campus of Radha Soami Satsang Beas, a spiritual organization, where a coronavirus disease (COVID-19) care centre has been constructed for the patients amidst the spread of the disease, in New Delhi, India, June 26, 2020. NEW DELHI - The World Bank has committed $2.75 billion to support India's emergency COVID-19 response since the pandemic began earlier this year, the Bank and the Indian government jointly announced here today.The occasion for the announcement was provided by the signing today of a $750 million loan agreement for a Micro, Small, and Medium Enterprises, MSMEs, Emergency Response Programme to support the increased flow of finance into the hands of such enterprises in India which have been severely affected by the COVID-19 pandemic.The international financial institution offered its first $1 billion emergency support to India in April this year for its health sector. Another $1 billion was approved in May to increase cash transfers and food benefits to the