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To accelerate COVID-19 vaccination in Ecuador, the World Bank has approved a financing of USD 150 million. Ecuador is among the most affected countries in the region. The additional funding will expand the COVID-19 Emergency Response Project in Ecuador.

  • The new resources will be used to purchase and distribute vaccines and to support pandemic management in the country.
  • This is the first World Bank- financed operation in Latin America and the Caribbean for COVID-19 vaccine procurement
  • The funding will support the country’s efforts to procure equipment and supplies to increase the number of intensive care units and isolation rooms, as well as protective equipment for healthcare workers and a communication campaign for healthcare workers.

The major supports by World Bank to different countries are featured below:

March 2021: For the development of urban services in Punjab in India, the World Bank has approved a $105 million Punjab Municipal Services Improvement Project. The project will strengthen urban services in Amritsar and Ludhiana the two largest cities in Punjab, India.

March 2021: As a part of sustainable development, the World Bank had approved a $700 million Development Policy Operation (DPO) to Angola. This DPO will bolster financial and social inclusion and strengthen the Angola’s macro-financial and institutional environment for increased private-sector led growth.

Feb 2021: For the development of nutrition-supportive agriculture, the Government of India with the Government of Chhattisgarh signed a $100 million project with the World Bank. The project will develop sustainable production systems that allow tribal households in remote areas of Chhattisgarh.

Feb 2021: To boost digital procurement the World Bank had approved $40 million to help Bangladesh. The funding will increase the coverage of electronic government procurement (e-GP) with new features to respond to the COVID 19 challenges.

Dec 2020: To strengthen highway network the World Bank had signed a $500 million project agreement with the Government of India to build safe and green national highway corridors. The project includes the construction of highways in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh.

Nov 2020: To strengthen transport infrastructure, the World Bank Board of Executive Directors had approved $150 million in additional financing for Morocco’s Urban Transport Program, which started in 2015.

Oct 2020: To fight with COVID-19 pandemic, the World Bank had approved approximately $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens.

Sep 2020: To boost service delivery through local governments in Uganda, the global financial agency the World Bank announced that it has approved approximately $300 million.

Aug 2020: To improve access to basic services in selected Kenya’s urban informal settlements, the World Bank Group has approved approximately $150 million International Development Association credit fund.

July 2020: The Government of Nepal has signed a financial agreement with the World Bank for $450 million to improve the efficiency and safety of transport infrastructure and strengthen capacity for strategic road network management.

July 2020: The Government of India and World Bank, announced a $750 million agreement for the MSME Emergency Response Program. The new fund will support the flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by the COVID-19 crisis.

June 2020: The World Bank had approved a $300 million budgetary support for Uganda to boost the Government’s capacity to prevent, detect and treat the coronavirus, protect the poor and vulnerable population, and support economic recovery.

June 2020: World Bank had approved approximately $500 million for Financial and Digital Inclusion Development Policy Financing (DPF) program of Morocco. The DPF will support key policy reforms to promote an enabling environment for digital transformation.

June 2020: The World Bank had announced $1.05 billion for three projects to help Bangladesh create quality jobs and accelerate economic recovery from the COVID-19.

June 2020: World Bank had approved around $400 million to support Egypt’s transformational Universal Health Insurance System (UHIS). The project will support the Government of Egypt (GOE) to put in place the building blocks of the Universal Health Insurance System.

June 2020: To mitigate the economic impact of the COVID-19 pandemic on poor and vulnerable workers in Maldives, World Bank a global financial agency has approved a $12.8 million COVID-19 Emergency Income Support Project for country.

June 2020: World Bank had approved a $100 million Development Policy Credit (DPC) to support to the Nepal Government in improving the financial viability and governance of the electricity sector and recovering from the COVID-19 crisis.

May 2020: World Bank approved a $1 billion budget support operation for Kenya, which helps close the fiscal financing gap. The fund will also help to respond the COVID-19 outbreak.

May 2020: World Bank had approved USD 50 million for Egypt as an emergency response under the World Bank Group’s new Fast Track COVID-19 Facility — a global effort to help strengthen the COVID-19 response and shorten the time to recovery.

May 2020: World Bank had announced $170 million for the restructuring of the Healthcare Service Network Project requested by Bolivia’s Ministry of Development Planning. The fund will strengthen the capacity of the healthcare system’s response to the Covid-19 pandemic in Bolivia.

May 2020: World Bank had approved a flexible $500 million loan to Ecuador to help during the Covid-19 emergency and to promote economic recovery. The loan is the second in a series of three Development Policy Financing (DPF) operations. The first loan of this series was disbursed in June 2019.

About World Bank Group
World Bank Group, headquartered in Washington D.C., United States, is a global financial institution. The group provides loans and grants to the poorer countries across the globe. The World Bank has around 189 member countries and having staff from more than 170 countries of the world. The group has offices at around 130 locations across the globe.
The World Bank Group comprises of International Bank for Reconstruction and Development (IBRD), focuses on middle-income and creditworthy poorer countries and the International Development Association (IDA) on the world’s poorest countries. Both institutions provide financing, policy advice, and technical assistance to governments of developing countries.

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