| Business 
[ 2015-04-19 ] 
Ghana's IMF programme likely to free up other lending - Lagarde 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

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