World Bank Mobilizes US$1.62bn for Ebola Response

The World Bank Group says it has mobilized US$1.62 billion in financing for Ebola response and recovery efforts in the West Africa region which was hardest hit by the virus.

The disclosure by World Bank president Jim Yong Kim Thursday follows the World Health Organization (WHO) third declaration of Liberia as Ebola free after the country’s latest outbreak.

Announcing Liberia’s Ebola free status at the Ministry of Health in Monrovia, WHO Country Representative Alex Gasasira disclosed that the day marks 42 days, or two 21-day incubation cycles of the virus, after the last patient twice tested negative for the disease.

The World Bank, in a release following WHO announcement, said the total amount includes US$1.17 billion from IDA.

Young Kim noted that US$450 million also came from the international Finance Corporation (IFC), a member of the World Bank Group, to enable trade, investment and employment in Guinea, Liberia and Sierra Leone.

Included in the program is an additional US$200 million for an Ebola recovery program, which will finance medium- and long-term projects post-crisis.

IFC is also providing advisory services to 800 small and medium enterprises on health, security and environment issues related to Ebola, the release said.

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