Islamic Development Bank unveils $2bn COVID-19 aid package

The Islamic Development Bank will launch a $2bn COVID-19 response package for member states to help mitigate the impact of the virus outbreak. The 3 Rs package, standing for Respond, Restore, and Restart, starts with pandemic preparedness, in cooperation with G20 Global Initiative, follows with medium-term action through financing for trade and SMEs, and includes long-term action to build resilience. "The number of IsDB member countries affected by COVID-19 has reached 45 out of 57, with total confirmed cases reaching 27,579 people, 1,691 of whom have died as of 22 March 2020. We have...