The World Bank (WB) has announced the creation of a USD 2 billion fast-track lending program to aid the world`s poorest nations.
The WB`s executive board approved the creation of the lending facility to speed up grants and long term, interest-free loans to seventy-eight poor countries.
The new program, the international development association financial crisis response fast-track facility, allows the WB to provide rapid funding for social safety nets, infrastructure, education and health.
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