Countries, organizations boost efforts in fighting coronavirus

(VOVWORLD) - New coranovirus cases in China continue to decline, according to its latest numbers as of Monday, which showed 125 new confirmed cases, and 31 more deaths.

According to the National Health Commission, all the additional fatalities in the latest update were from the epicenter of Hubei. That brings China’s total to more than 80,000 cases, and more than 2,900 deaths.

South Korean President Moon Jae-in declared "war" against coronavirus on Tuesday, placing all government agencies on a 24-hour emergency footing as the country's total cases -- the largest in the world outside China -- approached 5,000. Moon said the government will inject more than 25 billion USD into the economy to address the "grave" situation brought about by the outbreak.

The International Monetary Fund and the World Bank said they stand ready to help member countries address the human toll and economic challenges posed by the epidemic. They said they will use all available means to the fullest extent possible, including emergency financing, policy advice, and technical assistance. They said they have rapid financing facilities that can help countries address  a wide range of needs.

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