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World Bank Drops $14 Billion Virus Package as Global Recession Looms

Join the U.S. Cotton Trust Protocol webinar on July 15 at 11 am ET to learn about the findings of a COVID-19 and sustainability survey and how the protocol aids better transparency and reporting.

The World Bank and its International Finance Corp. (IFC) boards of directors have approved an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. IFC, a member of the World Bank Group, will increase its COVID-19 related financing…

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