Saudi Arabia condemns Magdeburg attack, expresses condolences to victims    US halts $10 million bounty on HTS leader as Syria enters new chapter    Saudi Arabia, Bahrain agree on joint efforts to combat predicate crime    SPA board approves media transformation plan    UN Internet Governance Forum in Riyadh billed the largest ever in terms of attendance    ImpaQ 2024 concludes with a huge turnout    Salmaneyyah: Regaining national urban identity    Saudi Arabia and Pakistan discuss enhanced bilateral cooperation    US diplomats in Syria to meet new authorities    Syria rebel leader dismisses controversy over photo with woman    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    40 Ukrainian companies to invest in Saudi market    Al Shabab announces departure of coach Vítor Pereira    'World's first' grid-scale nuclear fusion power plant announced in the US    My kids saw my pain on set, says Angelina Jolie    Saudi Arabia defeats Trinidad and Tobago 3-1 in friendly match    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



IMF Proposes $127 Million for Ebola-Hit West African Countries
Published in Saudi Press Agency on 17 - 09 - 2014

AlQa'dah 22, 1435, Sep 17, 2014, SPA -- The International Monetary Fund (IMF) said Wednesday that it could provide Guinea, Liberia, and Sierra Leone with an additional $127 million to help with the worst-ever outbreak of the Ebola virus.
The funds, which must still be approved by the IMF's executive board, could help cover financing gaps in the West African countries over the next six to nine months, which the Fund estimates at $300 million in total.
"The Ebola outbreak is a severe human, social and economic crisis that requires a resolute response from the international community," IMF Managing Director Christine Lagarde said in a statement. "The governments of the three countries have requested additional IMF support to help cover the acute financing needs they are facing as a result of the outbreak."
"Additional and prompt balance of payments and budget support from the countries' bilateral and multilateral development partners will be important to support macroeconomic stability through this challenging period," the IMF said.
Guinea, Liberia, and Sierra Leone are among the poorest countries in the region and the hardest-hit by the Ebola epidemic, which has killed almost 2,500 people.


Clic here to read the story from its source.