Ebola has become an ‘economic embargo’
The IMF’s Christine Lagarde says while it's important to stop the spread of Ebola, business must continue.
JOHANNESBURG - International Monetary Fund (IMF) Chief Christine Lagarde says, by default or design, Ebola has now become an economic embargo.
She says the urgency now is to stop the spread of Ebola but warns businesses have to continue and jobs must be created.
"We cannot cure people, we cannot finance hospitals because we cannot send doctors, which is what is most needed. But it's for others to do that and I am delighted that the World Bank is doing its fair bit as well. We are in the business of providing financial support to states in need."
Lagarde is pleading with people to remember that the virus is relatively isolated to three countries and not the whole of Africa.
She has called on the world to adopt the slogan 'isolate Ebola, not countries'.
The haemorrhagic fever has claimed the lives of more than 4,000 people in Guinea, Liberia and Sierra Leone.
Lagarde has cautioned against terrifying the planet in respect of the whole of Africa and says the IMF will provide all the support it can.
"What we do is we give budgetary support in the case of Liberia, they need money because they are not collecting tax for obvious reasons, they have additional expenses - that's what the IMF can do. That's our mission, to provide financial support to countries that are facing difficulties of that nature."
Meanwhile, United Nations (UN) special envoy on Ebola, David Nabarro, says he hopes the outbreak can be brought under control within three months.
Nabarro says people are becoming more aware that isolating those infected is the best way to prevent the transmission of Ebola.
The UN special envoy says the number of new cases is quite frightening, as the spread of the disease is currently accelerating.
He believes there is now much better community involvement, leading him to project that getting it under control within the next three months is a reasonable target.