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The drain is part of the GHS40 million Ministry of Local Government and Rural Development (MLGRD) Accra Rehabilitation Project and it is seeking funding support from the GIIF.
The Global Index Insurance Facility (GIIF) is a multi-donor program created to address the scarcity of affordable insurance protection against weather and catastrophic risks in developing and emerging countries.
According to a spokeswoman for Senator Carr, department officials had initial conversations with Satyam on whether the company would be eligible for the scheme and Satyam was told that it did not meet the criteria for the GIIF.
Also, in addition to requiring that the GIIF be notified of all financial deals exceeding 15,000 euros (approximately $19,000), covered institutions are also required to file reports of suspicious transactions, regardless of the size of the transaction.
GIIF is presenting projects under its Ghana Industrial Development Initiative (GIDI) programme, to enable investors to take advantage of emerging opportunities.
IFC's project with MiCRO includes a US$1.7 million performance-based grant and $260,000 in technical assistance from the Global Index Insurance Facility (GIIF), a program managed by IFC and jointly implemented with the World Bank.
Payment triggers The IFC has joined forces with another member of the World Bank Group, the International Bank for Reconstruction and Development (IBRD), and has come up with the Global Index Insurance facility (GIIF).
The Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF), Mr Solomon Asamoah, on his part, announced that the fund had already committed $90 million to the project.
The Ghana Infrastructure Investment Fund (GIIF) says it has not entered into any agreement with any of the companies under the JOSPONG Group of Companies for the construction of compost plants in some regions of the country.7
The Sovereign Century Fund shall engage on a bilateral basis to raise long term concessional financing to underwrite our other commercial infrastructure needs through GIIF, GIADEC, PPP projects and other entities as well as liability management.
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