Sources of Finance for Development. Sources of Finance for Development. International Institutions. The International Monetary Fund (IMF). Set up in 1944 at the Bretton Woods Conference, New Hampshire
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The Headquarters of the IMF in Washington DC.
Ghana participates in the Heavily Indebted Poor Countries Initiative (HIPC) scheme administered by the IMF as it attempts to reduce poverty. The scheme helps it to build new facilities such as this Salvation Army hostel.
Aid can be useful for important infrastructure projects such as dams which help to generate electricity as well as providing irrigation schemes.
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