Business in Ghana

We Understand the issues that make the News

Archive for November 23rd, 2011

International Monetary Fund expands lending tools

Posted by Business in Ghana on November 23, 2011

The International Monetary Fund (IMF) has announced new measures to help countries protect themselves from the eurozone debt crisis.

The Precautionary and Liquidity Line (PLL) is designed to help countries with “sound economic fundamentals” meet short-term financing needs.

To qualify, countries must also have “sound policies”.

Italy and Spain have seen their borrowing costs spike on fears they may fall victim to the debt crisis.

Earlier on Tuesday, Spain raised 2.98bn euros ($4bn, £2.6bn) in an auction of three- and six-month bonds, but at much higher yields than in a similar auction last month. Read the rest of this entry »

Advertisements

Posted in Financial Services, Uncategorized | Tagged: , , | Leave a Comment »

IMF Technical Assistance Finds A Teachable Moment in Africa

Posted by Business in Ghana on November 23, 2011

Source: IMF Survey online

Stephen George is a public high school principal worried about the usual things: how students will fare on upcoming exams, crowded classrooms, and how to make sure his teachers get paid on time.

George has his work cut out for him. Matilda Newport High School in Monrovia, Liberia on the west coast of Africa has all the usual stresses that keep high school principals around the world awake at night, and then some.

The civil war wreaked havoc on daily life for the almost four million people in the small West African country. Roads and buildings were destroyed, people were displaced from their homes, and schools shut their doors. Read the rest of this entry »

Posted in Education, Uncategorized | Tagged: , , , | Leave a Comment »