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West Africa Risks ‘Economic Catastrophe’ If Ebola Not Contained, World Bank Analysis Says

News outlets report on findings from a World Bank analysis released Wednesday that warns if the Ebola outbreak in West Africa is not contained the region’s economy could be severely impacted.

Agence France-Presse: Ebola ‘fear factor’ risks economic disaster, World Bank warns
“The World Bank warned Wednesday that fear of the deadly Ebola virus is choking off economic activity in West Africa with potentially ‘catastrophic’ results…” (9/17).

Devex: Jim Kim: World Bank may divert more long-term funds to fight Ebola
“Just a day after mobilizing a $105 million grant for immediate response to the ongoing Ebola outbreak in West Africa, the World Bank insists it will do everything in its power to prevent the disease from causing ‘potentially catastrophic’ short- and medium-term damage to the economies of Guinea, Liberia, and Sierra Leone…” (Ravelo, 9/18).

Reuters: Ebola could drain billions of dollars from African economies: World Bank
“The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday…” (Yukhananov, 9/17).

Wall Street Journal: West Africa Risks Economic Disaster from Ebola, World Bank Chief Says
“West African nations hit by the Ebola epidemic face an economic catastrophe unless global authorities move faster to marshal resources to contain the outbreak, World Bank President Jim Kim said Wednesday…” (Talley, 9/17).

Washington Post: World Bank warns Ebola’s economic impact could be catastrophic if virus is unchecked
“If the Ebola epidemic continues to surge in the three worst-affected countries — Guinea, Liberia, and Sierra Leone — its economic impact could grow eight fold next year, dealing a potentially catastrophic blow to the already fragile states, according to a World Bank analysis released Wednesday…” (Sun/Bernstein, 9/17).

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