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Irish Left Review
Joined up thinking for the Irish Left

offsite link New Books Worth Reading Mon Sep 19, 2016 23:25 | Seán Sheehan

offsite link 13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips

offsite link Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony

offsite link Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young

offsite link Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft

Irish Left Review >>

Spirit of Contradiction

offsite link Interview with Cathal Goulding Mon Dec 26, 2016 17:11 | Cathal Goulding

offsite link Trump, Russia and the CIA Sat Dec 10, 2016 18:23 | Gavin Mendel-Gleason

offsite link Why is my rent so high? Mon Oct 31, 2016 18:51 | Gavin Mendel-Gleason

offsite link Review of Capitalism: Competition, Conflict, Crises by Anwar Shaikh Sun Oct 30, 2016 16:21 | Gavin Mendel-Gleason

offsite link Electoralism vs Abstentionism (Or: Why You Should Run For Office) Fri Aug 26, 2016 17:07 | Slyvia Smith

Spirit of Contradiction >>

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Catholic Church: The brutal truth

offsite link Catholic Church: Crimes against humanity Anthony

offsite link Fergus Finlay: Damaged by vile corruption? Anthony

offsite link Zimbabwe – Ireland: Same difference Anthony

offsite link Coveney and Varadkar: The battle of the balls Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link Could the fire at the Europe?s largest munitions depot be Ben Hodges?s fault? Sat Mar 25, 2017 01:30 | Scott
After hitting rock bottom will Ukraine begin to rise again? Hitting a rock bottom can be very educational, as I found out this week. After I dropped a piece of

offsite link Speech of Lavrov at the Military Academy of the General Staff Fri Mar 24, 2017 18:00 | Scott
  Foreign Minister Sergey Lavrov?s remarks and answers to questions during a lecture for senior officers of the Military Academy of the General Staff, Moscow, March 23, 2017 23 March

offsite link Balakleya munitions depot disaster Ukraine SITREP Thu Mar 23, 2017 21:54 | Scott
In Balakleya Tochka-U and Grad missiles explosions over the town, 24 hours of this On the night of March 23, a fire broke out on the territory of the military

offsite link Syrian War Report ? March 23, 2017: Govt Forces Face Crisis In Northern Hama Thu Mar 23, 2017 16:45 | Scott
https://southfront.org/syrian-war-rep... If you?re able, and if you like our content and approach, please support the project. Our work wouldn?t be possible without your help: PayPal: southfront@list.ru or via: http://southfront.org/donate/ or

offsite link Moveable Feast Cafe 2017/03/23 ? Open Thread Thu Mar 23, 2017 06:30 | Herb Swanson
2017/03/23 06:30:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The Saker >>

World Bank Announces Package of Aid and Loans to Ebola-Affected Countries

category international | economics and finance | news report author Friday April 17, 2015 15:22author by Sophia Har - Jubilee USA Network Report this post to the editors

The World Bank announces $650 million in new concessional loans and grants for Sierra Leone, Guinea, and Liberia at the start of the Spring IMF and World Bank meetings.

As the Spring International Monetary Fund (IMF) and World Bank meetings open, the World Bank announced $650 million of new grants and concessional loans to the countries of Sierra Leone, Guinea and Liberia. About $220 million will be aid in the form of grants and the remainder will be in the form of highly concessional loans. Currently the three countries owe a combined $518 million to the World Bank. Liberia owes $105 million, Guinea $186 million and Sierra Leone $227 million.

“We urge the World Bank Group to consider bolstering their commitments with a new debt relief package for the impacted countries,” said Eric LeCompte, executive director of the religious development coalition, Jubilee USA Network. “We applaud the new aid for the affected countries and hope that the World Bank can come up with some rapid response plan to address this kind of crisis much faster in the future.”

The new financing is through the World Bank's International Development Association (IDA). The IDA determines its lending terms based on the borrowing country's risk of "debt distress." The new IDA financing will be distributed as approximately 50% grants to Sierra Leone and Guinea and 100% as loans to Liberia. The loans will be repaid over 25 to 38 years. In February, the IMF announced $100 million in debt relief for the three West African countries and called on governments to contribute $70 million more. The IMF also set up a new debt relief fund for poor countries struck by natural disasters or health crises.

"As a development institution, we need the World Bank to respond faster," said LeCompte, who serves on United Nations expert groups on debt. "It's ironic that the innovation for dealing with this crisis and future crises is coming from the IMF, whose mission is not development. World Bank innovation would look like a permanent facility to solely administer grants when the poorest countries face crisis."

Jubilee USA Network is an alliance of more than 75 US organizations and 400 faith communities working with 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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