IMF Boss says support for Ghana likely to unlock lending from other bilateral institutions.

IMF approved a three-year $918 million financial assistance deal for Ghana early this month

The head of the International Monetary Fund said on Saturday that a new IMF support program for Ghana would likely unlock lending from other bilateral institutions.

?It clearly will have a catalytic effect,? IMF Managing Director Christine Lagarde told a news conference at the conclusion of a meeting of the IMF?s steering committee.

?When a country has signed a program?it generally always triggers on the part of other bilateral institutions, of other bilateral lenders, financing that sometimes had been frozen or locked.?

Earlier this month, the Fund approved a three-year $918 million financial assistance deal for Ghana aimed at restoring economic stability and boosting job growth.

Source: Reuters