The world’s top financial institution providing loans and grants to governments in need has announced plans to finance $12 billion in relief aid for countries attempting to curb the outbreak of coronavirus.

Officials at the World Bank said the financing was designed to help nations struggling with the fallout of a disease that has ripped through supply chains and hospitals from Beijing to Seattle. World Bank Group President David Malpass said the money included “emergency financing, policy advice, and technical assistance” to help local officials dealing with the epidemic.