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World Bank Approves $105m Grant

Sandrine Rastello | BLOOMBERG   in 
September 18, 2014

The World Bank’s board approved an emergency $105 million grant to support efforts to contain the Ebola outbreak in Guinea, Liberia and Sierra Leone and help families cope with the economic impact of the health crisis.

The package, which is part of a $230 million commitment by the Washington-based bank, will help countries carry out emergency responses, secure enough national and international health workers, and provide food and water to the quarantined or affected families, the bank said.

The United Nations said the cost of beating the disease would be $1 billion and that the response has only 30 percent of the funding needed. President Barack Obama will announce today that the U.S. will deploy about 3,000 troops to help lead a global drive to stem the deadly outbreak.

“The world needs to do much, much more to respond to the Ebola crisis in these three countries,” World Bank President Jim Yong Kim said in the release. Restrictions on people’s movements “is leading to food crises in the quarantined and most affected areas where the three countries intersect.”

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