WASHINGTON (Finance) – President of the World Bank Group David Malpass stated that the rapidly spreading COVID-19 pandemic may mostly cause a “major global recession” likely to hit the poorest and most vulnerable countries the hardest.
“We intend to respond forcefully and massively with support programs, especially for poor countries.”
– David Malpass, World Bank Group President
Malpass took to his LinkedIn adding that he plans to speak with the leaders of Ethiopia, Kenya and other countries soon.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.