The objective of the investment would be to achieve “a more sustainable and inclusive growth” that benefits the entire population and, in particular, “the most vulnerable,” according to a director of the agency.
The World Bank disbursed a record amount of $49.8 billion since the beginning of the covid-19 pandemic to help Latin America and the Caribbean alleviate its health, economic and social effects, as well as those of rising inflation and food insecurity.
“Looking beyond covid, our region faces important challenges and our commitment is to work together in critical areas such as reversing educational losses, recovering fiscal sustainability, strengthening health, advancing the climate change agenda and promoting agriculture. climate-smart and the digital economy,” said World Bank Vice President for Latin America and the Caribbean, Carlos Felipe Jaramillo.
The objective of such actions would be to achieve “a growth more sustainable and inclusive” that benefits the entire population and, especially, “the most vulnerable”.
The commitments include $24.9 billion from the World Bank, $19.5 billion from the International Finance Corporation and $5.4 billion in guarantees from the Multilateral Investment Guarantee Agency.
Payments began in April 2020, shortly after the start of the pandemic.
Total World Bank financing to combat covid-19 worldwide has been about $272 billion distributed between the public and private sectors.
Source: RT
