{"id":140751,"date":"2024-01-18T19:09:10","date_gmt":"2024-01-18T19:09:10","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/18\/world-bank-welcomes-ghanas-agreement-with-occ-over-external-debt-restructuring\/"},"modified":"2024-01-18T19:09:10","modified_gmt":"2024-01-18T19:09:10","slug":"world-bank-welcomes-ghanas-agreement-with-occ-over-external-debt-restructuring","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/18\/world-bank-welcomes-ghanas-agreement-with-occ-over-external-debt-restructuring\/","title":{"rendered":"World Bank welcomes Ghana&#8217;s agreement with OCC over external debt restructuring"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The World Bank Group has welcomed the agreement in principle on the key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors\u2019 Committee under the G20 Common Framework.<\/p>\n<p>This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in this country.<u\/><u\/><\/p>\n<p>\u201cThis agreement will help unlock financial support by international financial institutions, including a US$300 million budget support operation supported by IDA, which will be considered by the World Bank\u2019s Board of Executive Directors next week. This will help Ghana in its recovery, attracting investments and restoring a sustainable growth path,\u201dsaid Ousmane Diagana, World Bank Vice President for Western and Central Africa.<u\/><u\/><\/p>\n<p>The Resilient Recovery Development Policy Operation is the first in a series of three operations totaling US$900 million and part of a broad World Bank engagement in support of crisis response and resilience in Ghana.<\/p>\n<p>The country implements US$ 4.3 billion in commitments from the World Bank through national and regional projects focused on private sector development and jobs, inclusive service delivery and sustainable resilient development.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The World Bank Group has welcomed the agreement in principle on the key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors\u2019 Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in this country. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":140752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-140751","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank welcomes Ghana&#039;s agreement with OCC over external debt restructuring - 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\/2024\/01\/18\/world-bank-welcomes-ghanas-agreement-with-occ-over-external-debt-restructuring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank welcomes Ghana&#039;s agreement with OCC over external debt restructuring - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The World Bank Group has welcomed the agreement in principle on the key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors\u2019 Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in this country. 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