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Development bank to allocate $15 bln to tackle virus fallout

China India Russia South Africa Brazil city Moscow virus pandemic economy Coronavirus
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MOSCOW – The New Development Bank will allocate up to $15 billion for loans to help the so-called BRICS nations - Brazil, Russia, India, China and South Africa - boost their economies amid the coronavirus pandemic, Russia's foreign minister said Tuesday. “We believe that it should become a very good reinforcement for our countries' economies when they're coming out of the crisis stage and resume economic operations,” Sergey Lavrov told reporters after a meeting of BRICS foreign ministers dedicated to the virus outbreak.

The pandemic has dealt a shock to the global economy, with governments all over the world taking measures to soften the blow.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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