IMF approves $1.4bn emergency support for Ukraine
by Reuters in Washington from Economics | The Guardian on (#5WYS8)
Global lender says funds will help country meet urgent spending needs caused by Russian invasion
The International Monetary Fund has approved $1.4bn in emergency financing for Ukraine to help meet urgent spending needs and mitigate the economic impact of Russia's military invasion.
The global lender said Ukrainian authorities had cancelled an existing standby lending arrangement with the IMF but they would work together to design an appropriate economic programme focused on rehabilitation and growth when conditions permitted.
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