IMF signs off $17.5bn loan for Ukraine in second attempt to stave off bankruptcy
by Reuters from on (#4R3X)
Four-year bailout programme is expected to unlock further credit from donors and includes immediate $5bn payment to help stabilise conflict-hit economy
The International Monetary Fund has signed off on a $17.5bn (11.8bn) four-year aid programme for Ukraine, the second attempt in less than a year to help the country avoid bankruptcy.
The programme includes an immediate payment of $5bn for general budget support to help stabilise Ukraine's listing economy.
Related: Russian military shelled Ukraine from mid-July, report says
Continue reading...