{"id":1264904,"date":"2022-12-14T00:22:24","date_gmt":"2022-12-14T00:22:24","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/14\/imf-demands-sufficient-assurances-on-debt-restructuring-before-board-approves-3bn-deal\/"},"modified":"2022-12-14T00:22:24","modified_gmt":"2022-12-14T00:22:24","slug":"imf-demands-sufficient-assurances-on-debt-restructuring-before-board-approves-3bn-deal","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/14\/imf-demands-sufficient-assurances-on-debt-restructuring-before-board-approves-3bn-deal\/","title":{"rendered":"IMF demands &#8216;sufficient&#8217; assurances on debt restructuring before Board approves $3bn deal"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"428\"  alt=\"\" title=\"38765868\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/38765868.jpg\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"428\" class=\"entry-thumb td-modal-image\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/09\/38765868.jpg\"   alt=\"\" title=\"38765868\"\/><\/noscript><figcaption class=\"wp-caption-text\">The IMF Mission chief and lead negotiator for Ghana&#8217;s financial bailout, Stephane Roudet\u00a0<\/figcaption><\/figure>\n<\/div>\n<p><strong>The International Monetary Fund (IMF) says despite reaching a staff-level agreement with the government for a $3-billion extended credit facility, approval will be done by its Management and Executive Board.<\/strong><\/p>\n<p>The Mission Chief for Ghana, St\u00e9phane Roudet, says the agreement, to span three years, is also subject to the receipt of the necessary financing assurances by Ghana\u2019s partners and creditors.<\/p>\n<p>Announcing the details of the agreement in Accra on Tuesday, December 13, Mr Roudet said Ghanaian authorities have committed to a wide-ranging economic reform programme post-Covid and assured of tackling deep challenges facing the economy.<\/p>\n<p>One of the key areas to tackle is restoring public debt sustainability, for which the government, according to the IMF, has announced a debt restructuring programme.<\/p>\n<p>Mr Roudet said: \u201cTo support the objective of restoring public debt sustainability, the authorities have announced a comprehensive debt restructuring.<\/p>\n<p>\u201cSufficient assurances and progress on this front will be needed before the proposed Fund-supported program can be presented to the IMF Executive Board for approval.\u201d<\/p>\n<p><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/kwame_amoh?ref_src=twsrc%5Etfw\" data-show-count=\"false\">Follow @kwame_amoh<\/a><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMF Mission chief and lead negotiator for Ghana&#8217;s financial bailout, Stephane Roudet\u00a0 The International Monetary Fund (IMF) says despite reaching a staff-level agreement with the government for a $3-billion extended credit facility, approval will be done by its Management and Executive Board. The Mission Chief for Ghana, St\u00e9phane Roudet, says the agreement, to span [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1212332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[7083,4708,6462,1569,807,1580,1199,3074,11160,6638],"class_list":["post-1264904","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-3bn","tag-approves","tag-assurances","tag-board","tag-deal","tag-debt","tag-demands","tag-imf","tag-restructuring","tag-sufficient"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1264904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1264904"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1264904\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1264904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1264904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1264904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}