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Ukraine secures $15.6B IMF loan amid Russia war

Lightyear
Lightyear
in The War in Ukraine

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March 22 (UPI) -- The International Monetary Fund said it has reached a staff-level agreement to provide Ukraine with $15.6 billion, a much-needed loan to aid the country in continuing to function while in the midst of a war with Russia.

 

The IMF announced the deal, which is subject to approval by its executive board, on Tuesday, following months of negotiations as well as discussions with Ukrainian officials in Warsaw from March 8-15.

 

"The staff-level agreement reflects the IMF's continued commitment to support Ukraine and is expected to help mobilize large-scale concessional financing from Ukraine's international donors and partners over the duration of the program," said IMF team lead Gavin Gray in a statement.

 

https://www.upi.com/Top_News/US/2023/03/22/Ukraine-International-Monetary-Fund-Ukraine-156-billion-loan/4061679457602/

 

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