12:21 - 9.04.2020

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April 9, Fineko/abc.az. Money transfers for help to vulnerable people, families, medicare subsidies, temporary business loans, and business tax breaks are needed to ease the recession and save jobs.

ABC.AZ reports that this is reflected in the World Bank's economic bulletin on the region for 2020. 

Economic growth in emerging markets and developing countries in Europe and Central Asia fell to 2.2% in 2019.

The World Bank Group is taking broad and rapid measures to strengthen the response to the pandemic in developing countries, improve disease control, improve health interventions, and continue private sector activities and jobs. The WB plans to provide up to $160 bn in financial support to countries over the next 15 months to protect the poor and vulnerable groups, support businesses and stimulate economic recovery," the bulletin says.