The World Bank has announced that India is to receive $1billion in emergency financing to fight the COVID-19 pandemic. The assistancewill support better screening, contact tracing, and laboratory diagnostics,procurement of personal protective equipment, creation of new isolation wards,the bank said on Thursday.

It is the bulk of the first package of $1.9 billionfast-track aid that was approved by the Board of Executive Directors under afast-track programme, the bank said.

The rest of the aid will go to 24 other countries and thebank said that new operations are moving forward in over 40 countries.

Overall the bank said that it "expects to deploy up to$160 billion over the next 15 months to help countries protect the poor andvulnerable, support businesses, and bolster economic recovery."

In addition, the bank said that it is working to redeploy resourcesin existing projects worth up to $1.7 billion.

World Bank Group President David Malpass said: "We areworking to strengthen developing nations' ability to respond to the Covid-19pandemic and shorten the time to economic and social recovery."

Under the $1.9 billion approved under the fast-trackprogramme, Pakistan will get $200 million for its emergency response in thehealth, education and social protection sectors.