World Bank warns of ‘catastrophic’ impact of Ebola on economy

World Bank warns of ‘catastrophic’ impact of Ebola on economy

Assistance to countries affected by Ebola.

Image source, Getty

Legend,

The IMF is offering loans of $ 127 million to help affected countries cope with the epidemic.

The World Bank warned on Wednesday that Ebola could have a «catastrophic effect» on the economies of Guinea, Liberia and Sierra Leone, the West African countries affected by the epidemic.

The international body said the economic impact of the virus could be eight times greater than expected in what it described as «already fragile states».

In that sense, Liberia could experience a 12% drop in its national income due to the disease, according to the World Bank.

In view of this, the International Monetary Fund (IMF) said it was offering loans totaling US $ 127 million to the three countries, to help them cope with the epidemic.

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