The executive board of the International Monetary Fund on Friday approved a $130 million expansion of zero-interest loans for the three West African nations worst hit by the Ebola crisis.
The new money will help the governments of Guinea, Sierra Leone and Liberia cover an estimated $300 million financing gap as the crisis overwhelms their budgets.
“Unless brought under control, the epidemic will reverse the advances that these countries have made in recent years under Fund-supported programs toward mending their still fragile economies,” IMF Managing Director Christine Lagarde said in a statement after the board’s approval.
Written by Ian Talley And Matina Stevis/Read more at The Wall Street Journal
