IMF announces $17.5bn loan for Ukraine
by Alec Luhn in Kiev from on (#2YJY)
Deal, under which Kiev will have to cut spending, restructure banks and fight corruption, comes as leaders meeting in Minsk agree ceasefire for east of country
The International Monetary Fund has announced a $17.5bn (11.5bn) loan to war-stricken Ukraine, extending the lifeline keeping the country from bankruptcy.
The announcement came as the leaders of Russia, Ukraine, Germany and France agreed a ceasefire deal for the east the country. Nine people were reportedly killed and 35 wounded on Thursday morning.
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