The International Monetary Fund said on March 31 that its executive board had approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. The decision clears the way for an immediate disbursement of $2.7 billion to Kyiv and requires Ukraine to carry out ambitious reforms, especially in the energy sector, the IMF said in a statement. The Extended Fund Facility loan is the first major conventional financing program approved by the IMF for a country involved in a large-scale war. To read the original story by Reuters, click here.
IMF Approves $15.6 Billion Ukraine Loan, Part Of $115 Billion In Global Support
The Extended Fund Facility loan is the first major conventional financing program approved by the IMF for a country involved in a large-scale war.