Sunday, February 8, 2015

9,004 Ebola Deaths











Image credit: http://malawi24.com/wp-content/uploads/2014/09/CONGO-DEMOCRATIC-EBOLA1.jpg












Image credit: http://english.cntv.cn/2014/07/03/VIDE1404349452575619.shtml

In the wake of West Africa's Ebola outbreak, the International Monetary Fund executive board on February 05, 2015 established the Catastrophe Containment and Relief (CCR) trust to help developing countries respond to epidemics and natural disasters, with the three hardest-hit countries (i.e. Guinea, Liberia and Sierra Leone) poised to receive $100 million in grants to lower their debt burden from battling the virus.
 
The IMF said in a statement that the fund, called the Catastrophe Containment and Relief (CCR) trust, would be used to help countries meet future debt-service payments, which will reduce the debt burden and free up resources for relief and recovery actions.
 
The newly approved assistance comes in addition to $130 million in loan assistance the IMF approved in September 2014. The concept for the CCR trust came out of the November G-20 meeting, which called on countries to continue their support of Ebola-affected countries through loans, debt relief, and grants, and to explore an additional mechanism to address the economic impact of future emergencies, e.g. a public health crisis, besides just dealing with natural disaster events.
 
The IMF said the CCR trust replaces one set up in 2010 to help Haiti recover from its earthquake.
 
The World Health Organization's (WHO's) epidemiologic update published on February 06, 2015 put the Ebola casualty at 9,004 deaths.
 
 
 
 
 
 
 
 
 
 
 
Celtic cruised into the quarter-finals of the Scottish Cup with a 2-0 win over Dundee. The goals came from Leigh Griffiths (7) and Stefan Johansen (47).

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