Following the central bankers’ response to the deadly coronavirus (COVID-19) on Tuesday, the World Bank announced an initial package of up to $12 billion to help member countries take effective action against the pandemic during early Wednesday. Key quotes As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries in coping with the health and economic impacts of the global outbreak. Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health services to safeguard people from the epidemic, strengthen disease surveillance, bolster public health interventions, and work with the private sector to reduce the impact on economies. ‘We are working to provide a fast, flexible response based on developing country needs in dealing with the spread of COVID-19,’ said World Bank Group President David Malpass. ‘This includes emergency financing, policy advice, and technical assistance, building on the World Bank Group’s existing instruments and expertise to help countries respond to the crisis.’ FX implications Following the news, the market’s risk-off gained additional strength, which in turn propelled gold prices to one week high near $1,653, currently around $1,646. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD snaps two-day winning streak as odds of RBNZ rate cut increase after Fed, RBA moves FX Street 2 years Following the central bankers’ response to the deadly coronavirus (COVID-19) on Tuesday, the World Bank announced an initial package of up to $12 billion to help member countries take effective action against the pandemic during early Wednesday. Key quotes As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries in coping with the health and economic impacts of the global outbreak. Through this new fast track package, the World Bank Group will help developing countries strengthen health systems, including better access to health… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
