{"id":730037,"date":"2019-10-23T21:05:36","date_gmt":"2019-10-23T21:05:36","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/10\/23\/finance-minister-woos-imf-world-bank-to-increase-ida-to-100-million\/"},"modified":"2019-10-23T21:05:36","modified_gmt":"2019-10-23T21:05:36","slug":"finance-minister-woos-imf-world-bank-to-increase-ida-to-100-million","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/10\/23\/finance-minister-woos-imf-world-bank-to-increase-ida-to-100-million\/","title":{"rendered":"Finance Minister \u2018woos\u2019 IMF\/World Bank to increase IDA to $100 million"},"content":{"rendered":"

<\/p>\n

\n
\n
\"\"
Ken Ofori-Atta, Finance Minister<\/figcaption><\/figure>\n<\/div>\n

Minister for Finance, Ken Ofori-Atta, has called on the Bretton Woods Institutions to increase their next round of the International Development Assistance (IDA) funding to USD 100 million to aid poor economies address current world economic challenges. <\/p>\n

\u201cAbout $85 million has been proposed, however, as we
\nhold our 100th Plenary today, we should consider raising it to a 100 million to
\nmark the occasion,\u201d he said. <\/p>\n

He made this plea as the Chair of the just ended
\n100th meeting of the Development Committee of the IMF\/World Bank in Washington
\nDC.<\/p>\n

According to the Minister, the increase in the IDA
\nfunding will help developing countries tackle poverty and development challenges
\nlike climate change, job creation, education, digitisation and inclusive
\ngrowth.<\/p>\n

Kristalina Georgieva, Managing Director for IMF, pledged the Fund will review its lending framework for low income states, increase technical assistance to support the attainment of the SDGs as well as assist governments to develop efficient, effective and robust tax administrations.<\/p>\n

The World Bank President, David Malpass, on his part
\nsaid the Bank will focus on ensuring that global value chain is impactful,
\nimplement programmes to ensure no country is left behind in education, and
\nengage the private sector to grow and create jobs.<\/p>\n

A communique issued after the plenary, called on the
\ntwo institutions to continue to work with developing countries towards attaining
\ninclusive and sustained growth, increase resilience to shocks and boost
\ndomestic revenues.<\/p>\n

The IDA is the part of the World Bank that helps the world\u2019s poorest countries. It aims to reduce poverty by providing loans and grants for programmes that boost economic growth, reduce inequalities, and improve people\u2019s living conditions.<\/p>\n

IDA is one of the largest sources of assistance for
\nthe world\u2019s 76 poorest countries and is the single largest source of donor
\nfunds for basic social services in these countries.<\/p>\n

Source: Adomonline.com|Fuaad Dodoo<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Ken Ofori-Atta, Finance Minister Minister for Finance, Ken Ofori-Atta, has called on the Bretton Woods Institutions to increase their next round of the International Development Assistance (IDA) funding to USD 100 million to aid poor economies address current world economic challenges. \u201cAbout $85 million has been proposed, however, as we hold our 100th Plenary today, […]<\/p>\n","protected":false},"author":1,"featured_media":708873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-730037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nFinance Minister \u2018woos\u2019 IMF\/World Bank to increase IDA to $100 million - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/10\/23\/finance-minister-woos-imf-world-bank-to-increase-ida-to-100-million\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Finance Minister \u2018woos\u2019 IMF\/World Bank to increase IDA to $100 million - 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