World Bank Approves $245M Grant to Fight Ebola
The World Bank Group’s Board of Executive Directors on November 18, 2014 approved a US$285 million grant to finance Ebola-containment efforts underway in Guinea, Liberia and Sierra Leone. The money will also be used to help communities in the three countries cope with the socioeconomic impact of the crisis and rebuild and strengthen essential health services.
The grant is part of the nearly US$1 billion previously announced by the World Bank Group for the countries hardest hit by the Ebola crisis.
The grant provides additional financing to the Ebola Emergency Response Project (EERP) approved by the WBG’s Board on September 16, 2014, including US$72 million for Guinea, US$115 million for Liberia and US$98 million for Sierra Leone, the three countries most-affected by Ebola.
Tuesday’s announcement brings the total financing approved so far from the World Bank Group’s International Development Association (IDA) Crisis Response Window (CRW) for the Ebola response to US$390 million. The CRW is designed to help low-income IDA countries recover from severe disasters and crises.