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IMF Aids Guinea, Liberia and Sierra Leone

Onyedimmakachukwu | VENTURES AFRICA   in 
September 29, 2014

VENTURES AFRICA – The International Monetary Fund has announced that it has approved an immediate disbursement of $130 million aid to Guinea, Liberia and Sierra Leone to help them deal with the economic crises caused by the Ebola outbreak.

IMF Chief Christine Lagarde described the Ebola epidemic, which has left over 2500 dead in the three countries, as a “humanitarian crisis” that “could also have deep economic consequences.”

The aid comes in addition to programs that the IMF already has in the three countries; Guinea already has a $200 million program from the IMF, while Liberia is getting about $80 million and Sierra Leone about $96 million.

The IMF had last week said that about $300 million was needed to close the financing gaps in Guinea Liberia and Sierra Leone, countries which are among the poorest in West Africa and the hardest-hit by the worst Ebola epidemic since 1976.

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