IFC LAUNCHES $450 MILLION INITIATIVE TO SPUR PRIVATE SECTOR TRADE AND INVESTMENT IN EBOLA AFFECTED COUNTRIES. IFC, A member of the World Bank Group, today announced a package of at least $450 million in commercial financing that will enable trade, investment, and employment in Guinea, Liberia and Sierra Leone. The private sector initiative will include $250 million in rapid response projects, and at least $200 million in investment projects planned to support post-epidemic economic recovery. The IFC initiative is part of the World Bank Group’s broad effort to provide support during the Ebola epidemic and prepare for economic recovery in the countries most affected by the crisis. The initiative includes a $75 million Ebola Emergency Liquidity Facility to fund critical imports for Ebola-affected countries. This rapid response program was approved by IFC’s board last week. It will initially be made available to fund six existing IFC client banks, and could be extended to additional banks. The facility will support the import of basic goods, including energy, food and agricultural commodities, and other manufacturing goods nanews.net/news/ifc-to-spur-private-sector-in-ebola-affected-countries/
Posted on: Fri, 07 Nov 2014 20:07:34 +0000
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