World Bank announces up to $12 bln in immediate funds for coronavirus

By Andrea Shalal WASHINGTON (Reuters) - The World Bank on Tuesday announced an initial $12 billion in immediate funds to assist countries grappling with the health and economic impacts of the coronavirus virus outbreak that has spread quickly from China to some 80 countries. World Bank President David Malpass said there were still "many unknowns" about the fast-spreading virus and "much more" aid might be required, but he declined to elaborate. The announcement underscored escalating concern about the economic and human impact of the virus

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