Off the wire
• Roundup: Iran says committed to promises in nuclear talks as regional nations hail breakthrough  • Ding Junhui beats John Higgins to head into semifinal of China Open  • Four terror suspects arrested in Mombasa, Kenya  • China live broadcasts pandas' failed natural mating  • Xinhua Asia-Pacific news summary at 1615 GMT, April 3  • Singapore PM condemns deadly attack in Kenya  • Guangdong officials sacked for graft  • 1st LD Writethru-China Focus: China to accelerate int'l industrial cooperation: premier  • Saudi-led coalition air-drops weapon supplies to pro-Hadi militia in Yemen  • Chinese FM holds phone call with Kerry over Iranian nuclear talks  
You are here: 　 Home

IMF approves 918 million USD support program for Ghana

Xinhua, April 4, 2015 Adjust font size:

The Executive Board of the International Monetary Fund (IMF) approved for Ghana on Friday, a three-year arrangement under the Extended Credit Facility (ECF) of 663. 20 Million Special Drawing Rights (SDR-United Nations currency) or 918 million U.S dollars, a release received here has said.

The decision by the Executive Board will enable an immediate disbursement of SDR 83.025 million or about 114.8 million dollars, it added.

The facility, according to the release, is to support the medium-term economic reform program of Ghana.

"The program aims to restore debt sustainability and macroeconomic stability to foster a return to high growth and job creation, while protecting social spending," said the release issued from the IMF headquarters by Dieng Ismaila, Senior Communications Officer for the fund. Endi