Guinea, Liberia and Sierra Leone will get close to $100 million in total to pay off their debts to the International Monetary Fund, the first time a global institution provided debt relief to the three countries hardest hit by the Ebola outbreak. The IMF also called on other international creditors to offer further debt relief to the countries to help them deal with the economic fall-out from the devastating epidemic. It also offered them an additional $160 million in zero-interest loans, subject to approval of its board of some debt relief to the three impoverished West African countries so they could spend more on government services and their economies. The $100 million grant would allow each country to service their IMF debts for the next two years, the Fund said.
via Health News Headlines - Yahoo News http://ift.tt/1zjZPCe
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