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    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

    Beat the monsoon greys in style with India’s first UPF resort-wear line by Meghna Ghodawat

    Jamaica Tourism Launches a Brand-New Campaign “70 Days of Jamaica Love” to Celebrate 70 Years of Jamaica

    Ethiopian Airlines Strengthens India Network with Launch of Hyderabad Route

    WHO issues first global guideline to improve pregnancy care for women with sickle cell disease

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    Rumi- The Spirit of Awadh Pioneers Transit Media to Promote “Dastan-e-Aam” Featuring Renowned Dastango Dr. Himanshu Bajpai

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    Campus Fund Launches Third Fund of $100 Million

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    LIC Housing Finance reduces lending rates to 7.50% on new home loans

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    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

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    U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report

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    “By uniting our talent and expertise, we can drive progress toward a more climate-resilient and healthier future.” -Dr M.C. Sudhakar,  Minister for Higher Education, GoK.

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    Force Motors along with BMW Group India Celebrates the Roll-Out of its 100,000th engine from the Chennai Plant

    Clara Luciani, Kavinsky & Please Join the Line-Up of Renault’s festiv4L

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    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

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COVID-19 Support to Europe and Central Asia from World Bank Tops $1.4 Billion, as Anna Bjerde Becomes Regional Vice President

by FWM
May 4, 2020
in National
0

WASHINGTON, May 4, 2020 – Ms. Anna Bjerde, a Swedish national, became the new World Bank Vice President for Europe and Central Asia on May 1st, 2020. In this position, Ms. Bjerde will lead the World Bank’s strategic, analytical, operational and knowledge work in the region.

Ms. Bjerde takes leadership of the Europe and Central Asia region during an exceptionally challenging time for the Bank’s client countries. The COVID-19 pandemic has left many countries battling severe health, social and economic impacts. Amid continued uncertainty, the World Bank’s latest Europe and Central Asia Economic Update suggests various negative growth scenarios for the region, including a major recession in 2020, with growth contracting to between −4.4 and −2.8 percent.

“As Vice President for Europe and Central Asia, I will work very closely with governments in client countries to help them achieve strong development outcomes, but our immediate focus is on addressing the health and economic impacts of the COVID-19 pandemic,” says Anna Bjerde, World Bank Vice President for Europe and Central Asia. “In the short-term, we are providing fast-track financing and policy tools to help protect people’s lives and livelihoods. In the medium-term, we will help countries cushion the economic and fiscal fallout from the crisis through appropriate policy measures and financing.”

To date, the World Bank has committed more than $1.4 billion to help countries in Europe and Central Asia mitigate the impacts of COVID-19. Since April 2nd, 2020, around $490 million has been approved through new emergency response projects. In addition, up to $925 million is being reallocated, used, or made available from existing projects and lending, including additional financing, to help countries with their COVID-19 response.

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This financing is paying for medical equipment, including test kits, respirators and ventilators, and strengthening the capacity of health systems, including training for health care workers, along with social protection support for the most vulnerable people affected by COVID-19. Several countries in the region are currently in discussions with the World Bank about future projects and support to help them address the impacts of the pandemic.

Ms. Bjerde has held several senior positions at the World Bank throughout her twenty-five year career. She is a recognized leader in economic development, with a focus on inclusive growth and sustainable development. Ms. Bjerde succeeds Mr. Cyril Muller, who became Vice President for Europe and Central Asia in July 2015.

Tags: World Bank

FWM

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