Friday, April 3 2020 15:21
Alina Hovhannisyan

World Bank allocated  $ 3 million to Armenia to combat Coronavirus

World Bank allocated  $ 3 million to Armenia to combat Coronavirus

ArmInfo. <In response to the rapid spread of the COVID-19 pandemic globally, and recently in Armenia, the World Bank is supporting the Government's response to  protect its people amid the coronavirus outbreak>, the official  website of WB in Armenia reports.

According to the source: <At the request of the Ministry of Health of  Armenia, the World Bank has allocated $3 million to address the  country's urgent needs for equipment and supplies needed for the  intensive care of people with a confirmed COVID-19 diagnosis. These  funds are supporting the procurement of 50 artificial pulmonary  ventilation (APV) devices worth $1.35 million under the ongoing  Disease Prevention and Control Project (DPCP). 

This procurement became possible due to the application of the  streamlined procedures of the World Bank in emergency situations. The  technical expertise provided by the World Bank helped to carry out  rapid market analysis to ensure value for money amid acute shortages  in global supply of medical equipment and increasing prices. As a  result, Armenia's health system will be equipped with additional  high-quality devices necessary for treating an increasing number of  confirmed COVID-19 cases.

"In these dramatic times the Bank stands ready to support the  country's response to help mitigate the impact of the pandemic," says  Sylvie Bossoutrot, World Bank Country Manager for Armenia. "I would  like to recognize the unprecedented dedication of health  professionals in Armenia to protect the people. I would also like to  strongly encourage each citizen of Armenia to strictly abide by the  requirements of these emergency times and observe social distancing  and isolation measures aimed at minimizing the impact of the  pandemic."

Similar arrangements will be applied to purchase additional  ventilators, as well as personal protective equipment to address  immediate healthcare needs. In addition, the World Bank stands ready  to reprogram parts of its active ongoing portfolio in Armenia to  support the government's response to COVID-19 in various areas.  

The World Bank's financial and technical support is closely  coordinated with that of other international organizations and  development finance institutions.  In particular, the above equipment  will be procured directly through United Nations agencies' supply  channels in view of the current constraints for these types of  medical emergency equipment in the global market.

The World Bank Group is rolling out a $14 billion fast-track package  to strengthen the COVID-19 response in developing countries and  shorten the time to recovery. The immediate response includes  financing, policy advice and technical assistance to help countries  cope with the health and economic impacts of the pandemic. The IFC is  providing $8 billion in financing to help private companies affected  by the pandemic and preserve jobs. IBRD and IDA are making an initial  US$6 billion available for the health-response.  As countries need  broader support, the World Bank Group will deploy up to $160 billion  over 15 months to protect the poor and vulnerable, support  businesses, and bolster economic recovery", the WB PRESS RELEASE  notes.  

POST A COMMENT
Input digits     


News


Exchange rates
04.06.2020
RUB6.97-0.08
USD482.11-0.27
EUR539.87-1.02
GBP603.94-3.28
CAD356.720.06
JPY44.25-0.09
CNY67.890.02
CHF502.040.87



Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000