Top 5 Int. Financial Agencies News from 13 to 18 April 2020

Posted On : Apr 18, 2020/InternationalDevelopment

The top five Int. financial agencies news between 13thto 18th April 2020: World Banks member International Finance Corporation has announced a memorandum of understanding with Agriculture Ministry’s Plant Protection Department of Vietnam to expand global export markets for agricultural produce. IFC also helps to improve the quality of Vietnamese agricultural products to increase high value markets and income for farmers, Sustainable Energy Fund for Africa which is managed by African Development Bank, helps to develop small renewable energy projects across Sub Saharan Africa, COVID-19 epidemic is spreading to whole world. In response to this the World Bank has announced an emergency fund of twenty million U D Dollars for Papua New Guinea to fight against COVID-19, The leading financial intuition Asian Development Bank (ADB) has assured Indian government to support with approximately $2.2 billion in its fight against the novel coronavirus disease (COVID-19) pandemic, and The EIB Group has announced a COVID-19 guarantee fund of approximately $27 billion. The fund will be implemented by the Groups subsidiary EIB and the EIF, which is specialised in funding small and medium-sized enterprises. In addition to the COVID-19 guarantee fund, the EIB Group is also implementing the emergency measures to support companies in the EU to overcome the consequences caused by the coronavirus.

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