World Bank to Create $200M Ebola Fund

The World Bank has announced that it is allocating $200m (£120m) in emergency assistance for West African countries battling to contain the Ebola outbreak.

The money will be distributed to the governments of Liberia, Sierra Leone and Guinea as well as to the World Health Organization (WHO).

The number of people killed in the outbreak has reached 887, the WHO says.

The World Bank’s announcement came as African leaders including 35 presidents discuss the crisis in Washington.

World Bank President Jim Yong Kim – an expert on infectious diseases – said that he was “deeply saddened” by the spread of the virus and how it was contributing to the breakdown of “already weak health systems in the three countries”.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza