Washington — The World Financial institution Group right now launched the next assertion:
The World Financial institution Group welcomes the settlement in precept on the important thing parameters of the proposed debt restructuring for Ghana reached by the Official Collectors’ Committee beneath the G20 Frequent Framework. This settlement, which is per the Joint WB-IMF Debt Sustainability Framework, represents a important milestone towards restoring debt sustainability on this nation.
“This settlement will assist unlock monetary assist by worldwide monetary establishments, together with a US$300 million funds assist operation supported by IDA, which can be thought of by the World Financial institution’s Board of Government Administrators subsequent week. This may assist Ghana in its restoration, attracting investments and restoring a sustainable development path,” mentioned Ousmane Diagana, World Financial institution Vice President for Western and Central Africa.
The Resilient Restoration Improvement Coverage Operation is the primary in a sequence of three operations totaling US$900 million and a part of a broad World Financial institution engagement in assist of disaster response and resilience in Ghana. The nation implements US$ 4.3 billion in commitments from the World Financial institution by way of nationwide and regional initiatives targeted on personal sector improvement and jobs, inclusive service supply and sustainable resilient improvement.
Contacts:
- In Washington: Caitlin Denise Berczik, (202) 458-9351, [email protected]
- In Accra: Kennedy Fosu, (233) 302-221 4142, [email protected]
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