Ukraine could secure "sizable support" from the International Monetary Fund (IMF) under a new, longer-term program, and its economy should see a gradual recovery over the course of this year, IMF Managing Director Kristalina Georgieva said on February 21. Ukrainian Prime Minister Denys Shmyhal said this week that Kyiv hopes to agree a $15 billion multiyear program with the fund in what could be the largest loan package for the country since Russia's full-scale invasion a year ago. "Based on the performance of the Ukrainian authorities, we are confident that it could be a sizable support from us," Georgieva said during a call with media a day after a one-day visit to Kyiv. To read the original story by Reuters, click here.
IMF Head Says New Lending To Ukraine Could Be 'Sizable'
IMF Managing Director Kristalina Georgieva (file photo)