The World Bank on Thursday announced that the bank is finalizing an additional package to tackle the wider economic consequences of the coronavirus pandemic.

“We’re now finalizing an additional package that will focus on the broader economic consequences,” World Bank President David Malpass said in a statement.

The bank aims to expand its measures in fighting the negative economic impact of coronavirus.

“Yesterday, I presented to our Board a program that could provide as much as $160 billion in financial support over the next 15 months,” he noted.

Last week, the World Bank approved a $14 billion package focusing

Read more: World Bank unveils additional virus relief package