The COVID-19 pandemic has unleashed both a global health emergency and an unprecedented economic crisis of historic magnitude. In India, the pandemic and the national lockdown from March-May 2020 affected both lives and livelihoods. ľ¹ÏÓ°Ôº Group responded to the crisis by closely supporting Government of India¡¯s (GOI) strategy of tackling the pandemic in three phases. In the first phase, the Bank partnered with GOI to support India¡¯s immediate health needs. The second phase saw a program to help the poor and vulnerable communities deeply affected by the pandemic. The third phase was about economic stabilization and included a Bank-supported project for medium small and micro enterprises (MSMEs). By the end of June 2020, the World Bank approved $2.75 billion in emergency lending to support India¡¯s response to the COVID-19 crisis. Watch the video to know more on World Bank¡¯s support to India¡¯s response.
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