IMF Preparing $127 Million Loan Package for Ebola-Hit Countries
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The International Monetary Fund is preparing a $127 million loan package to help Guinea, Liberia and Sierra Leone cope with the economic damage of the Ebola outbreak.
The funds, which would need to be approved by the board of directors in a meeting early next month, will cover part of an estimated $300 million the three countries need in the next six to nine months, the Washington-based IMF said in a statement. The new loan would be interest free, and would be in addition to IMF funds the countries already receive, the organization said today at a briefing in Washington.