World Bank calls on countries to 'strengthen health surveillance' amid coronavirus dread

Amid unprecedented coronavirus outbreak, World Bank has called for all countries to step up programs to fight vel virus on February 3. official statement also said that World Bank was considering to mobilize its own resources against disease which has claimed 425 lives with at least 20,438 confirmed cases in China. Recently, Hong Kong also reported first death due to 2019-nCoV. 

World Bank also said that it is trying to assist and support affected countries with coronavirus and called it 'life-saving work' to stop furr spre and mitigate its impact. World Bank's declaration of monitoring ecomic and social impacts of crisis also comes as coronavirus killed more than 400 people in mainland, while previous outbreak in 2002-03 of  Severe Acute Respiratory Syndrome (SARS) virus claimed 349 lives in China and nearly 800 globally.

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According to official website, World Bank said, “We are calling on all countries to strengn ir health surveillance and response systems, which is essential to contain spre of this and any future outbreaks.  We are closely coordinating with international partners to accelerate international response to support countries to man global health emergency.”

fear of coronavirus taking a toll on ecomy has spiked since more than 20 countries have confirmed cases. World Bank has also said that it would support China's efforts to respond to outbreak including its efforts to 'maintain resilience in its ecomy'. According to international reports, if coronavirus outbreak reaches same severity as Spanish flu in 1918 which killed 30 million people, it would cost one per cent to ten per cent of growth. 

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China's central bank injects $173 billion

Amid fears of epidemic causing instability in China's ecomy, Chinese Central Bank h also said that it would inject nearly $173 billion in its ecomy to contribute to fight against nationwide crisis. People's Bank of China released a statement which said that it would launch 1.2 trillion yuan reverse purchase operation to maintain 'reasonable abundant liquidity' in banking system. 

In order to furr stabilise currency market as  nation deals with epidemic, banking system would be 900 billion yuan more than it was in same period last year. anunced move will kick in day China's financial markets reopen after an extended Chinese Lunar Year holidays. 

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