The World Bank is offering technical assistance to China to help battle the coro...
WASHINGTON - The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender’s president, David Malpass, said on Monday.
“My thought is that we all wish them a speedy way to address the coronavirus in China,” he said in an interview on Monday. “We’ve offered technical assistance in the area of health, sanitation and disease policies.” Inside China, more than 300 companies from food delivery services to smartphone makers are seeking more than $8.2 billion in loans to ease the impact of the coronavirus, banking sources told Reuters.
“Clearly, coronavirus is slowing growth in the first half of 2020. What the long-term consequences are we’ll have to see as the response occurs and the adjustments are made,” he said. “China is just coming back from a long Lunar New Year holiday, so we’ll have to evaluate the growth.
The World Bank in December adopted a new five-year China plan that calls for $1 billion to $1.5 billion in annual lending, down from a $1.8 billion annual average over the previous five years..
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China should consider cutting benchmark deposit rates: central bank adviserChina's central bank should consider lowering its benchmark deposit rate to...
Baca lebih lajut »
Australia plans new bank stress tests to assess climate change impact: sourcesAustralian regulators plan to introduce mandatory stress tests soon that will lo...
Baca lebih lajut »
Varo Moves Closer to Becoming a BankThe financial-technology startup received regulatory approval to use federal deposit insurance, marking a significant step in the fintech industry’s quest to take on traditional banks.
Baca lebih lajut »
Deutsche Bank to issue at least $1 billion in AT1 securitiesDeutsche Bank said on Monday it would issue at least $1 billion in Additional Ti...
Baca lebih lajut »
Umpqua Bank review: Quality digital tools, average customer service - Business InsiderOregon's Umpqua Bank promises best-in-class customer service, great online tools, and low-fee banking.
Baca lebih lajut »
U.S. warns Israel against 'unilateral' West Bank movesA U.S. envoy warned Israel on Sunday not to declare sovereignty over West Bank l...
Baca lebih lajut »