The World Bank on Thursday (local time) approved USD 1 billion emergency financing to India which will support better screening of coronavirus patients, contact tracing, and laboratory diagnostics.
The fund will also be used for procurement of personal protective equipment and establishing of new isolation wards.
The emergency funding is part of World Bank's first set of support operations for developing countries around the world. The first set of funding will assist 25 countries, and new operations in over 40 countries using a fast-track process.
"In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards," the World Bank said.
