Relief For Ebola Countries IMF Grants $100 million Debt

The IMF said it will provide 100 million dollars in grants for debt relief to the three West African nations hardest hit by the Ebola epidemic.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

The International Monetary Fund(IMF) has provided grants totalling $100 million to be used as debt relief to the three countries worst hit by the Ebola epidemic.

Guinea, Liberia, and Sierra Leone will use the funds to cover the cost of servicing their debt.

These grants come in addition to $130 million in emergency assistance the IMF disbursed in September under an existing loan program, as well as about $160 million in additional loans to the three countries proposed for IMF Executive Board approval later this month.

The $100 million grant will allow each country to service their IMF debts over the next two years.

The debt relief initiative and additional lending to the Ebola-hit countries were outlined by IMF Managing Director, Christine Lagarde to the G-20 heads of state in Brisbane, Australia.

This is the first time that the Fund has provided grants to support a country in containing an evolving natural disaster with international spill over effects.

Recommended Articles

Recommended Videos





Top Articles

1 Video Soldier detained for leaking Flagstaff House brutality videobullet
2 SONA President Akufo-Addo presents maiden State of the Nation Addressbullet
3 Ghana Police IGP in another radical police shake-upbullet
4 Kumasi Technical Institute Over 20 injured after students clash...bullet
5 State of the Nation Address Policeman heckles GTV cameraman...bullet
6 Pay Day NDC Ministers troop to Flagstaff House for ex-gratiabullet
7 Assault Police must crack this case- Otiko Djababullet
8 State of the Nation Address Nana Addo condemns unlawful...bullet
9 Gory Accident NPP parliamentary candidate involved in...bullet
10 Judiciary William Atuguba is acting Chief Justicebullet

Top Videos

1 Video Police officer attacked at Flagstaff Housebullet
2 Meet "The Beast" President Obama's Cadillac that's more tank than carbullet
3 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
4 Video Taxi driver terrified after an encounter with a ghostbullet
5 Refugee Ghanaian to lose fingers after 7-hour trek to cross US...bullet
6 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
7 Kwame Nkrumah Interchange Water leaks from hole in wall at...bullet
8 Vitiligo Enam Honya - is challenging what you think about...bullet
9 Trade Fair Fire Police give an update on La Gas explosionbullet
10 Bishop Obinim Saga Teenagers disciplined by Obinim...bullet

News