He added that due to the low resilience of the economy, the country succumbs to shocks easily and the COVID and Ukraine war has just exposed the pre-existing vulnerabilities. [...] He lamented the delay of the government to heed earlier advice for seeking the bailout as the delay is now costing the country. [...] He indicated that the direct impact will come from the private sector but the indirect impact is what the Fund will like to achieve to enhance the business and investment climate. [...] 2 Complementary Role of IMF and the World Bank to Support Ghana The participants affirmed the complementary role of the IMF and the World Bank Group in supporting sustainable development. [...] Bokpin noted that when Ghana announced its intention to seek a bailout the market spread narrowed but is now widening with the potential that the credibility deficit will increase with the delay in the processes to seek the facility.
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- United States of America
