Economy 13:10 03/04/2020 Armenia

World Bank allocates $3 million to Armenia to combat coronavirus

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.

At the request of the Armenian Ministry of Health, 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), the bank said in a press release.

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.

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.



Source Panorama.am
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