The World Bank has set nearly half a dozen additional conditions for loan disbursement. PHOTO: FILEThe World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted by multiple crises, the Bank’s President David Malpass said Monday. “This is a continued massive crisis response,” Malpass told reporters. High debt and inflation “are two big problems facing global growth,” he said. Speaking ahead of this week’s spring meetings of the IMF and World Bank, Malpass said the 15-month aid fund would run through June 2023 and build on the $157 billion Covid-respon se fund, which expired in June 2021.

Source: The Express Tribune April 19, 2022 06:05 UTC