Hi there,

The media can be the greatest force for peace on Earth. Instead, all too often, it’s wielded as a weapon of war. That's why we have to take the media back. Thanks to a group of generous donors, all donations made today will be DOUBLED, which means your $15 gift is worth $30. With your contribution, we can continue to go to where the silence is, to bring you the voices of the silenced majority – those calling for peace in a time of war, demanding action on the climate catastrophe and advocating for racial and economic justice. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

IMF Grants $100 Million in Debt Relief to Ebola-Stricken Countries

HeadlineFeb 06, 2015

The International Monetary Fund has granted partial debt relief to the three Western African countries worst hit by Ebola. IMF chief Christine Lagarde announced Guinea, Liberia and Sierra Leone will be reprieved of around $100 million in debt payments.

Christine Lagarde: “The IMF is giving debt relief to these three countries through the Catastrophe Containment and Relief Trust, which will provide grant aid used to relieve the debt for the next two years. … I have actually received already from one major donor a commitment to provide additional funding, and I hope that he will not be the only one, that there will be more that will follow suit.”

The $100 million figure amounts to about one-fourth of the total the three countries collectively owe. The joint debt is set to jump to $620 million over the next three years because of previously announced loans. In a statement, the group Jubilee Debt Campaign said: “Grants should be given to cope with the impact of Ebola, not more loans which leave an unjust debt to be repaid over the next decade.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top