- THE International Finance Corporation (IFC), a member of the World Bank Group, has announced an agreement with GT Bank Liberia to provide a $7.5 million liquidity facility to the bank.
- The facility, according IFC, will support the importation of basic goods, including energy, food and agricultural commodities, and other manufacturing goods that will help strengthen the Liberian economy following the Ebola crisis.
- The two parties signed the agreement behind close door last week.
- The Ebola Emergency Liquidity Facility (EELF) is a rapid response facility that combines working capital and trade support, to provide US dollar liquidity that will finance import of basic goods in Liberia.
- This IFC initiative is part of the World Bank Group’s broad effort announced recently to provide support during the Ebola epidemic and prepare for economic recovery in the worst Ebola-affected countries of Liberia, Sierra Leone and Guinea.
- Press
GTB Gets ‘Ebola’ Funding From IFC
