World Bank Calls for Additional Relief Funding

The World Bank is reportedly calling for $25 billion in additional financing to combat the impact of the COVID-19 pandemic on the world’s poorest countries, Reuters reported.

President of the World Bank, David Malpass, expressed this to finance ministers and central bank governors of the G20 group on Wednesday.

According to Malpass, the World Bank and the International Monetary Fund (IMF) are proposing a joint action plan to help heavily-indebted countries.