International Monetary Funds (IMF) makes available US$50 billion to help address the impact of coronavirus, said the managing director yesterday (March 4). The other two Funds, World Bank Group has pledged $12 billion and Asian Development Bank adds $2 billion to help the developing countries tackle the epidemic.
Managing director of IMF Kristalina Georgieva at joint presser with World Bank Group president David Malpass announced the funds will distributes through its rapid-disbursing emergency financing facilities for low income and emerging market countries that could potentially seek support. Of this, $10 billion is available at zero interest for the poorest members through the Rapid Credit Facility.
The coronavirus outbreak outside chine is deepening. World Health Organization (WHO) estimates the mortality rate has increased from around 2% to 3.4%. In United States, Anthony Fauci, the top virus expert, told Congress 80% of case spontaneously get better.
In Italy, the number of deaths surged in Italy and become the most deaths in the world outside China. The government there is considering new quarantine zones to tackle the virus. Worrying developments in Iran too, where 77 people have died and more than 2,000 have been confirmed to have the infection.
Latest data from the Korea Centers for Disease Control and Prevention shows 516 new cases of coronavirus in the northeast Asian country – a day after President Moon Jae-in declared ‘war’ on the infection. South Korea now has 5,328 cases with 32 deaths in the largest outbreak outside China. The KCDC updates the data twice a day. In Indonesia, the number of cases rises to four peoples and its estimating the virus spread also hampered other city beside West Java.