The World is now facing Corona Pandemic . In the other hand, pandemic attacked swiftly the world economy by which most of the countries from east, middle-east and west are facing various troubles from social and economical point of view. The International Monetary Fund (IMF) and World Bank in their yearly meeting discussed about the poor economical situation as a whole. World Bank’s President David Malpass expressed in a yearly meeting with IMF officials that the world market has been come down facing many more pandemic challenges. Economically weaker section are also going downwards. Stressing upon Covid-19 virus and it’s repercussion in the combined meeting, the decision has been taken that whenever the vaccination will come to the market, importance will be given to the common man and underdeveloped countries for which health emergency fund is there. Even the amount of this fund will be more, may be upto 12 billion dollar. The fund will help by supplying vaccines and health kits to the poorer countries. About World economy he has given a grey picture of the same which is engulfing more than 200 countries. There will be great depression in economy of the world which occurred before 90 years. Now history may repeat because of pandemic only. When developed countries are to some extent in better economical position because many service holders are working from home, in underdeveloped countries the situation is going from worse to worst as a lot of people are being forced to loose their jobs. Anyhow, Malpass emphatically told the whole world should give top priority to people’s security, health and life as a whole.