Which global institution has announced a fast-track aid of USD 12 billion to combat the coronavirus (COVID-19) outbreak?
Correct answer: A. World Bank
- A. World Bank
- B. International Monetary Fund
- C. Asian Development Bank
- D. None of these
Explanation
The World Bank announced a fast-track package of up to USD 12 billion to help countries respond to the COVID-19 outbreak. The IMF was also involved in global economic support, but the specific USD 12 billion announcement was from the World Bank.
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Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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