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Turkey gets $100m-loan from World Bank to cope with covid-19

The World Bank has rubber-stamped a $100 million-loan to assist Turkey in the fight against covid-19 which has infected 112,261 according to health ministry figures.
“The project is part of the World Bank’s $14 billion global Fast Track Facility announced on April 2,” the bank said in a statement on Friday.
“The funding will strengthen Turkey’s capacity to avert the potentially high health and human cost of the COVID-19 pandemic by reinforcing mitigation and disease management,” said Auguste Tano Kouame, World Bank country director for Turkey.
“With the actions supported by this project we hope to contribute to saving lives.”
Turkey plans to use the loan to ramp up tests and strengthen the overall health system to detect and treat cases, pro-government outlet Daily Sabah reports.
The country Monday reported 2,131 news cases bringing the overall infection toll to 112,261 while recoveries have jumped to 33,791 after discharging 4,651 people.
2,900 people have however died from the novel respiratory disease.

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Posted by on Apr 28 2020. Filed under Finance, Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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