STORY HIGHLIGHTS


IMF approves $130 mln ebola aid

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Added On September 27, 2014

INTRO
 
The International Monetary Fund has approved 130 million U.S. dollars in aid to fight the Ebola epidemic in the worst-hit countries in West Africa.
 
The move came as the death toll of the deadly virus topped 3,000.
 
PKG
 
The IMF's executive board said it would immediately make available 41 million dollars for Guinea, 49 million dollars for Liberia and 40 million dollars for Sierra Leone.
 
In addition, the IMF board approved 25 percent increases of the quotas of the three countries, increasing their ability to access IMF financing.
 
The 188-nation group also vowed to assist the economic rebuilding after bringing the epidemic under control.
 
With the viral epidemic still raging, the IMF predicted that growth could decline by at least 3.0-3.5 percent in Liberia and Sierra Leone and by about 1.5 percent in Guinea.
 
The IMF's assistance came a a day after world leaders at the United Nations General Assembly pledged fresh assistance in battling the growing health crisis.
 
The latest Ebola outbreak has affected five countries in west Africa, Guinea, Liberia, Sierra Leone, Nigeria and Senegal.
 
The WHO says more than 6,500 cases have been reported, with the death toll climbing to 3083.