World Bank Increases Ebola Crisis Management Fund To $400 Million


Source: Ghana|Myjoyonline

The World Bank has agreed a dramatic increase in financing to address the Ebola crisis upping the initial $230 million to $400 million dollars.

The money will help the worst-affected countries such as Liberia, address the emergency and build stronger health systems for the years ahead.

The deadly virus has struck fear into West African citizens with over 2,800 reported dead. Reported in Sierra Leone, Liberia and Nigeria, the disease hovers around the sub-region to a terrorizing effect.

Economic Community of West African States (ECOWAS) has pledged to contribute to the Ebola Solidarity Fund. The government of Nigeria has contributed three million dollars towards the fight. But many other countries among the 15-member sub-regional body are yet to contribute.

Speaking at the United Nations General Assembly last Thursday, ECOWAS chairman, President John Mahama asked the international community to do more to help eradicate the disease.

He insisted “Ebola is not just a Liberian problem, Ebola is not a Sierra Leonean or a Guinean problem; it is not just a West African problem, Ebola is a problem of the world because it is a disease that knows no boundaries,” he told World leaders at the 69th UN General Assembly in New York.

The World Bank has since injected $170 million in new funding.

The Bank will put $230 million toward the emergency response and $170 million for medium and long-term projects.

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