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    ABIDJAN

    The International Monetary Fund approved on Thursday an additional disbursement of US $46 million under Ghana’s three-year Poverty Reduction and Growth Facility programme, bringing to US $66 million the amount the country will be able to borrow in the short term for projects. Ghana’s poverty scheme, initiated in 1999, benefits from a US $239-million credit line. So far the West African country has used US $89 million, the IMF said in a statement.

    “The Fund commends the authorities’ progress in revamping the development and poverty reduction strategy with the broad participation of civil society, and looks forward to seeing a full Poverty Reduction Strategy Paper later in 2001,” IMF’s Deputy Managing Director, Eduardo Aninat said in the statement.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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