- Search Results
World Bank Foresees Shrinking Economic Impact In Ebola Affected Countries
Date Uploaded: Dec 04, 2014

World Bank president  Dr. Jim Yong Kim





World Bank Foresees Shrinking Economic Impact In Ebola Affected Countries

MONROVIA, December 4 (LINA) - World Bank president  Dr. Jim Yong Kim has expressed concern that the Ebola epidemic continues to cripple the economies of Guinea, Liberia, and Sierra Leone

A World Bank release issued by its Monrovia office said due to the troubling situation, it is projected to result in negative or contracting growth in these countries next year as they work to eradicate the virus.

 According to the release, a report update from the World Bank on the economic effects of the Ebola crisis on the three hardest-hit countries, GDP growth estimates for 2014 have been revised sharply downward since pre-crisis estimates to 2.2 percent for Liberia (versus 5.9 percent pre-crisis and 2.5 percent in October).

“This report reinforces why zero Ebola cases must be our goal. While there are signs of progress, as long as the epidemic continues, the human and economic impact will only grow more devastating,” said Jim Yong Kim, President of the World Bank Group.

The report also finds that the total fiscal impact is more than half a billion dollars in 2014 alone, imposing additional budget needs of more than 6.0 percent of GDP in Liberia, more than 3.0 percent in Guinea, and more than 2.5 percent in Sierra Leone.



latest headlines
LNFS Craves More Support To Mitigate Fire Outbreaks
The Liberia National Fire Service (LNFS), has called for more capacity building training, empowerment and logistics to help mitigate fire outbrea ...more
‘Women Will Vote Those Who Champion Their Cause’ - Solanke
The Executive Director of Community Healthcare, Naomi Solanke, has cautioned that women will only support aspirants who will champion their cause ...more
Gender Official Vouches For Post-Ellen Platform
An Assistant Minister at the Ministry of Gender, Children and Social Protection is calling for the setting up of a platform for the post-Ellen er ...more
“CBE Model Successful,” Monrovia City Mayor
The Mayor of the Monrovia City Corporation (MCC), Clara Doe Mvogo, says the Community-Based Enterprise (CBE) model has been successful in the mun ...more
NGO Shares Global Youth Service Day With Nimba Orphans
Over 150 orphans of the House of Hope Orphanage in Ganta, Nimba County have had a different taste of the observance of Global Youth Services Day ...more
Urbanization Critical for Liberia's Development - Leon
The Program Manager of the Cities Alliance in Liberia says urbanization is critical to the development of cities in the country in the future. ...more
All rights reserved © 2013 - 2014
Liberia News Agency