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Update on the Economic Impact of the 2014-2015 Ebola Epidemic on Liberia, Sierra Leone, and Guinea

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World Bank (WB)

Abstract: A year after the onset of Ebola, the estimated GDP losses for the three countries through 2015 total US$2.2 billion (US$240 million for Liberia, US$535 million for Guinea and US$1.4 billion for Sierra Leone). This is the result of the severe impact of the epidemic which has been exacerbated by the large decline in the world price of iron ore and severe corporate governance issues in mining in Sierra Leone. Important differences among the three countries are emerging. Liberia is gradually returning to normalcy, Guineas economy is stagnating, and Sierra Leone is suffering a severe recession. This update presents the World Banks most recent analysis of the economic and fiscal effects of the Ebola epidemic on the three countries. In relation to our January 2015 report it contains: 1) an updated status for the economies of Liberia, Guinea, and Sierra Leone; and 2) a brief description of these countries Economic Recovery Plans with indicative estimates of their potential impact on growth. As of April 2015, the Ebola epidemic has been largely contained but the negative effects on the economies of Liberia, Guinea and Sierra Leone loom large amidst continued uncertainty about the timing of complete eradication. The crisis continues to adversely affect these economies, so pace of recovery in these countries will depend heavily on adequate financing and effective implementation of the recovery plans. Ultimately, Liberia, Guinea and Sierra Leone will need the strong support from the development community over the next years to both make up for the losses incurred during the Ebola crisis and make these economies less vulnerable for the future.
Type: Report
Publications & Research
Publications & Research :: Working Paper
Link: http://hdl.handle.net/10986/21965
Subject: ACCESSIBILITY
ADVERSE IMPACT
AGRICULTURE
AIR
AIR TRANSPORT
AIRWAYS
AUCTION
AUCTIONS
BANK POLICY
BANK PROFITABILITY
BANKING SECTOR
CAPITAL FLIGHT
CENTRAL BANK
COMMERCE
COMMERCIAL BANKS
COMMERCIAL TRANSPORT
COMMODITY PRICES
CONSUMER PRICES
CORPORATE GOVERNANCE
CURRENCY
DEFAULTS
DIESEL
DOMESTIC BORROWING
EBOLA
ECONOMIC DEVELOPMENT
ECONOMIC PERFORMANCE
EMPLOYMENT
EQUIPMENT
EXCHANGE RATE
EXPENDITURE
EXPENDITURES
EXPORT GROWTH
EXPORTS
FISCAL DEFICIT
FISCAL DEFICITS
FIXED INVESTMENT
FORECASTS
FOREIGN DIRECT INVESTMENT
FOREIGN EXCHANGE
FOREIGN INVESTMENTS
FOREIGN INVESTORS
FREIGHT
FUEL
FUEL PRICES
GASOLINE
GDP
GLOBAL MARKETS
GOVERNANCE ISSUES
GOVERNMENT CAPACITY
GOVERNMENT POLICY
GOVERNMENT SPENDING
GROWTH PROJECTIONS
GROWTH RATE
HUMAN RESOURCES
INFLATION
INFLATION RATE
INFLATIONARY PRESSURES
INFRASTRUCTURE DEVELOPMENT
INTEREST EXPENDITURE
INTERNATIONAL RESERVES
INVESTMENT ACTIVITY
INVESTMENT FLOWS
LEADING INDICATORS
LIQUIDITY
LOCAL CURRENCY
MOBILITY
MONETARY FUND
MONETARY POLICY
MULTIPLIER EFFECTS
NON-PERFORMING LOANS
OIL PRICE
OIL PRICES
OPERATING LOSSES
PORTFOLIO
PREFECTURES
PRODUCTIVITY
PUBLIC INVESTMENT
RAILWAY
RAILWAY LINE
REAL GDP
REAL INTEREST
REAL INTEREST RATES
RESERVES
RETURN
REVENUE MOBILIZATION
ROAD
ROADS
SALES
SANITATION
SURPLUS
TAX COMPLIANCE
TAX REVENUE
TAX REVENUES
TOTAL REVENUE
TRADING
TRAFFIC
TRANSPORT COSTS
TRANSPORT SECTOR
TREASURY
VOLATILITY
WAGES




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