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Cambodia receives US $ 20 million from COVID-19 project

April 12, 2019 – WASHINGTON DC – 2019 World Bank/ IMF Spring Meetings. The Power of Partnerships: Mobilizing Finance and Unlocking Private Sector Solutions. Global leaders discuss how the power of partnerships can achieve the sustainable development goals of 2030, and the crucial role that the private sector plays in the development equation. David R. Malpass President, World Bank Group; Philippe H. Le Houérou CEO, International Finance Corporation; Nadia Calviño Minister of Economy and Business, Spain; Ahmed Shide Minister of Finance, Ethiopia; ​Marisa Drew CEO, Impact Advisory and Finance Department, Credit Suisse; Lucy Heintz Partner, Actis; Hiro Mizuno Executive Managing Director and Chief Investment Officer, Government Pension Investment Fund of Japan; Keiko Honda Executive Vice President and Chief Executive Officer, Multilateral Investment Guarantee Agency (MIGA); Maggie Lake (Moderator) Veteran Journalist. Photo: World Bank / Simone D. McCourtie

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World Bank (WB) on April 2 confirmed that it has approved a $ 1.9 billion emergency fund for its operations. COVID-19 global pandemic response in 25 developing countries. Among them, Cambodia will receive $ 20 million for the COVID-19 Emergency Response Project.

Bank of Cambodia manager Inguna Dobraja says the financing will help Cambodia cope with a global health emergency by establishing a COVID- 19 and stockpile essential medical equipment, reduce the spread of infection, strengthen the global response to epidemics and reduce economic recovery time And Society, too. $ 20 million will help build treatment centers, quarantine facilities and laboratories in hospitals or referrals in capital cities and provinces. The 25 also provide essential medical and testing equipment to them.

In addition, the World Bank says it is ready to spend up to US $ 160 billion in 15 months on tackling global pandemic COVID. -19 first exploded in China. The World Bank also announced a response to the global production downturn by assisting countries in need of medical supplies from suppliers. China and elsewhere.

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Chaw Nhchy

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