https://wccftech.com/who-declares-the-coronavirus-outbreak-a-global-emergency-amid-a-bloodbath-in-stock-markets-throughout-the-world/

The World Health Organization (WHO) declared the Coronavirus outbreak a “public health emergency of international concern” on Thursday as it reconvened a meeting of the International Health Regulations Emergency Committee in Geneva. This designation unlocks additional funding and administrative measures aimed at curbing the spread of the coronavirus.

"The main reason is not what is happening in China but what is happening in other countries," said WHO chief Tedros Adhanom Ghebreyesus, making the announcement at a press conference in Geneva.