The World Bank allocates $ 12 billion to tackle the Corona virus

Washington

The World Bank announced that it will allocate $ 12 billion in principle to help countries suffering from the health and economic impacts of the Corona virus, which spread rapidly from China to about 80 countries.

The World Health Organization has warned of a global shortage of preventive tools to fight the disease and price manipulation with the high number of deaths from this virus.

Meanwhile, the US Federal Reserve lowered interest rates in an urgent move in an attempt to prevent a global recession, given financial officials from the Group of Seven major powers asserted that they were ready to take fiscal and monetary measures if necessary.