Funding Shortfall Hinders Pandemic Response: World Bank Chief

Muhammad Irfan Published June 03, 2020 | 01:04 AM

Funding shortfall hinders pandemic response: World Bank chief

The global economy is facing "staggeringly large" losses from the coronavirus pandemic and the recovery is hampered by a shortage of resources, World Bank President David Malpass said Tuesday

Washington, (APP - UrduPoint / Pakistan Point News - 2nd Jun, 2020 ):The global economy is facing "staggeringly large" losses from the coronavirus pandemic and the recovery is hampered by a shortage of resources, World Bank President David Malpass said Tuesday.

The initial estimate of $5 trillion in economic value destroyed by the measures against COVID-19 likely falls far short of the actual damage, Malpass told AFP in an interview.

The crisis will also force developing nations to rethink the structure of their economies, he said.

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