Ebola hit West-African countries to get $450 mn in financing

United Nations: A new private sector initiative will provide at least $450 million in commercial financing to the three West African countries hardest hit by Ebola to promote trade, investment and employment. The International Finance Corporation, which is part of the World Bank Group, announced Wednesday that the package will include $250 million in rapid response projects and at least $200 million in investment projects to support the economic recovery of Liberia, Sierra Leone and Guinea after the Ebola outbreak is controlled. [caption id=“attachment_1788849” align=“alignleft” width=“380”] Representational image. AP[/caption] The announcement coincided with the UN Development Program’s release of a study on Ebola’s socio-economic impact, which found that the governments of the three countries need $328 million to be able to function at pre-crisis levels. It said the shortfall resulted from Ebola spending and the slowdown of economic activity. Associated Press