New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    In a significant development, India is believed to have

    placed a funding request of around_____  in its first call with the Pandemic Fund of the World Bank which has has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries.
    A $34 million Correct Answer Incorrect Answer
    B $40 million Correct Answer Incorrect Answer
    C $50 million Correct Answer Incorrect Answer
    D $55 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

       In a significant development, India is believed to have placed a funding request of around $55 million in its first call with the Pandemic Fund of the World Bank.   The fund has been set up to finance critical investments in a bid to strengthen pandemic prevention, preparedness, and response capacities at national, regional, and global levels, with a focus on low- and middle-income countries. It was created in the aftermath of the Covid-19 global pandemic.       According to the fund’s website, the Pandemic Fund Governing Board has approved an envelope of $300 million for its first round of funding to help developing countries better prepare for and respond to future pandemics.         In total, partners have pledged contributions of over $1.6 billion to the Pandemic Fund, with the US and the European Union leading the list of donors.

    Practice Next

    Relevant for Exams: