Who Won the U.S. Presidential Debate?

Former President John Dramani Mahama has expressed his intention to renegotiate the terms of an International Monetary Fund (IMF) bailout and enhance local ownership of future oil and mining projects if he wins the upcoming December election.

In an interview with Reuters, Mahama stated, "I've been in an IMF programme before, when I was president, and I know that the IMF is not averse to sitting and talking and renegotiating issues."

But how feasible is this? Can a government renegotiate an IMF Extended Credit Facility (ECF) after disbursements have already been made, particularly following a change in government?

Answer: Yes, a government can renegotiate an IMF Extended Credit Facility (ECF) even after disbursements have been made, especially in the case of a change in government. However, the renegotiation process can be complex and depends on various factors. Over the past six decades, approximately 95 countries have renegotiated their deals with the IMF. These renegotiations have often been necessary due to economic crises, changes in government, or failure to meet the original program targets.

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