World Bank to launch emergency fund to combat Ebola

As the United Nations warned that the Ebola outbreak is deepening the socio-economic challenges faced by the hardest hit countries in West Africa, the World Bank’s private sector arm, the International Finance Corporation (IFC), announced a package of some $450 million in commercial financing that will enable trade, investment, and employment in Guinea, Liberia and Sierra Leone.

The announcement by the IFC/World Bank Group also noted that if the virus continues to surge in the three worst-affected countries and spreads to neighbouring States, the two-year regional financial impact could reach $32.6 billion by the end of 2015.

Read more here: United Nations