New Delhi: The World Bank Group has earmarked $1 billion emergency financing support to India to curb the spread of COVID-19. Also Read - India's Limited-Overs Home Series Against England in September Set to be Postponed

The funding comes as a part of the group’s first set of emergency support operations for developing countries around the world. Also Read - COVID-19 in India: With Highest Single-day Spike of 29,429 Cases, Tally Crosses 9.3 Lakh; Rate of Recovery Over 63%

Accordingly, the group will use a dedicated, fast-track facility for COVID-19 (coronavirus) response. Also Read - Watch: Pakistanis Sing 'Jana Gana Mana' & 'Vande Mataram' With Indians in London During Anti-China Protest

“In India, $1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards,” the group said in a statement.