IMF Plan Offers $170 Million in Debt Relief for Ebola-Impacted West Africa: IMF Debt Facility Can Aid World's Poorest Countries
Submitted by Anonymous (not verified) on Fri, 06/02/2015 - 6:22amBy Sumi Yi
The International Monetary Fund (IMF) is providing $330 million of financing to aid Ebola-impacted countries. The plan includes $170 million of debt relief and grant-like aid for Liberia, Sierra Leone and Guinea. The new plan also expands a debt relief facility previously used to cancel debt after Haiti's 2010 earthquake. The new expanded facility, the Catastrophe Containment and Relief Trust (CCR), is now a permanent debt relief facility for the world's poorest countries when they experience shocks such as epidemics or natural disasters.
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