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World Bank: High Ebola scenario affects Security in West Africa.

Ebola-Outbreak-WestAfrica-2014

Ebola-Outbreak-WestAfrica-2014

The World Bank warned last week that the Ebola outbreak could deliver a $32.6 billion blow to the economies in West Africa. That situation can be avoid if  the disease is contained.

The report of The World Bank describes to main scenarios for the outbreak:

a) the “low Ebola” risk scenario says that if the spread of the disease is contained by the end of 2014, it would hit gross domestic product by $3.8billion by the end of 2015.

b)  a ‘High Ebola’ scenario sees the disease expanding to other countries like Nigeria,  Ghana and Senegal, then the High Ebola would cost the region $32.6 billion, or 3.3 percent of regional GDP. That is, the region would lose $7.4 billion in 2014 , and $25.2 billion in 2015.

The Ebola is keeping business away. F.e. ExxonMobil has postponed oil drilling off the coast of Liberia, where it previously planned to explore offshore blocks. Other exports- such as rubber and iron ore are expected to go south as investors halt operations and expansion.