close
This ad will auto close in 10 seconds

Britain becomes first country to donate to IMF Ebola debt relief fund

 Britain said on Monday it would contribute 50 million dollars to a new IMF fund to help West African countries hit by Ebola to service their debts so they can use their own money to help save lives.



London: Britain said on Monday it would contribute 50 million dollars to a new IMF fund to help West African countries hit by Ebola to service their debts so they can use their own money to help save lives.

The IMF’s Catastrophe Containment and Relief Trust was launched last week and is designed to help Guinea, Liberia, and Sierra Leone cope with their debt service payments to the IMF for the next two years. 

The idea is that they can redirect other resources to help fight the outbreak, and to repair their economies and societies. Britain is the first country to pledge cash to the new fund. 

"Along with the human tragedy, the virus continues to have a devastating impact on the economies of Guinea, Liberia and Sierra Leone," British finance minister George Osborne said in a statement. 

"So I am delighted to provide $50m of critical resources to enable these countries spend less money servicing their debt and more on the public health interventions that will help save lives.”

From Zee News

0 Comment - Join the Discussions

trending

photo gallery

video


WION FEATURES

K8 Plus: Lenovo's new phone available @ Rs 10,999

Heavy security outside Dera Sacha Sauda headquarters in Sirsa as search operation begins

WATCH Exclusive: After Doklam standoff, India begins road construction near LAC

Hurricane Irma, rampaging through Caribbean, is most enduring super-storm on record

Three train derailments in 1 day, fourth accident narrowly-averted

China says Indian Army chief's views contrary to those expressed by Modi, Xi