Ghana: Three-Year Arrangement Under the Extended Credit Facility-Request for Modification of Performance Criterion-Staff Report
June 10, 2011
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The report gives the details of the Ghanaian authorities’ request for modification of the performance criterion under the Extended Credit Facility (ECF)-supported program. The proposed loan involves borrowing at nonconcessional terms. The authorities’ request is with the intention to consider modification of the limit on external borrowing at nonconcessional terms in the context of the combined first and second reviews to accommodate new high-return projects, in line with the new IMF policy on debt limits.
Subject: Asset and liability management, Commodities, Debt limits, External debt, Government debt management, Oil, Public debt, Public financial management (PFM)
Keywords: CR, Debt limits, ECF, ECF arrangement, Ghanaian authorities, GNPC, government, Government debt management, government of Ghana, government's intention, ISCR, Oil, oil company GNPC
Pages:
6
Volume:
2011
DOI:
Issue:
129
Series:
Country Report No. 2011/129
Stock No:
1GHAEA2011002
ISBN:
9781455281602
ISSN:
1934-7685
