• Dom. Ene 29th, 2023

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World Bank warns of «catastrophic» impact of Ebola on the economy

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The IMF is proposing loans of $127 million to help affected countries deal with the outbreak.

The World Bank warned on Wednesday that Ebola could have a «catastrophic effect» on the economies of Guinea, Liberia and Sierra Leone, the West African countries affected by the outbreak.

The international body said the economic impact of the virus could be eight times greater than anticipated in what it described as «already fragile states».

Along these lines, Liberia could suffer a 12% drop in its national income due to the disease, according to the WB.

Given this, the International Monetary Fund (IMF) reported that it is proposing loans for a total of US$127 million to the three countries, to help them deal with the outbreak.