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Italian Economic Diplomacy 30 April: latest news from the world



Italian Economic Diplomacy 30 April: latest news from the world

World Bank: Fast-Track Covid-19 Facility (FTCF) launched

The World Bank Group has developed a new instrument, the Fast-Track Covid-19 Facility (FTCF), which has made it possible to approve, in a very short time, several projects, up to 14 billion dollars, aimed at assisting governments of countries receiving IBRD and IDA funds in dealing with the health emergency following the outbreak of the COVID-19 pandemic and at strengthening national health systems in prevention activities. About 60 projects have been approved so far.

Besides new resources, the FTCF provides for the reallocation of resources already allocated through the restructuring of existing projects.

The World Bank, through its Procurement Bureau, is also supporting the procurement of medical supplies, offering assistance to governments in procuring these supplies.

All information on approved projects and how to participate in calls for tender is available on World Bank website.

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