IMF Staff Reaches Agreement With Ukraine For $15.6 Billion Program

The International Monetary Fund (IMF) said on March 21 it reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering the country needed funds as it continues its battle against Russia's invasion. The agreement, which must still be ratified by the IMF's board, follows months of negotiations between IMF staff and Ukrainian authorities. The board is expected to discuss approval in the coming weeks. The IMF said the agreement is expected to help unleash large-scale financing for Ukraine from international donors and partners. To read the original story by Reuters, click here.