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BloombergApril 26 (Bloomberg) -- The World Bank has agreed to give Mexico $205 million in loans to help fight the swine flu epidemic, Mexico’s Finance Minister Agustin Carstens said.
Of the amount, $25 million will be disbursed immediately, to allow the Mexican government to buy medicine and equipment to detect and fight the virus, which has been linked to as many as 81 deaths in Mexico.
Carstens, speaking at a press conference following the World Bank and International Monetary Fund spring meetings, said while it is too early to estimate the economic impact of the epidemic, it has a “high potential for disruption.”
In the U.S., 20 confirmed cases of swine flu have been linked to the outbreak in Mexico, according to the Centers for Disease Control and Prevention.
The outbreaks in Mexico and the U.S. warrant an urgent assessment of the potential of the virus to spark the first influenza pandemic in 41 years, the World Health Organization said yesterday. The Geneva-based United Nations agency held an emergency meeting and decided that more evidence is needed to determine whether the level of pandemic alert should be increased.
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