World Bank drives Covid-19 recovery in East Asia, Pacific with USD 1.9 billion commitment and vaccination success
NEW DELHI: Countries in East Asia and the Pacific (EAP) were among the first and hardest hit by the Covid-19 pandemic. In response, the World Bank swiftly executed a comprehensive strategy, channelling funds into emergency operations, training medical staff, and reinforcing national public health systems. This approach included reallocating existing project resources, triggering emergency components, and activating Catastrophe Deferred Drawdown Options (CAT DDOs) tailored to each country's unique context and epidemic status.