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

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

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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