IMF announces $15.6bn support package for Ukraine

International Monetary Fund breaks ground with first such support for a country at war

The International Monetary Fund, the global lender of last resort, has agreed a package of support for Ukraine of $15.6bn (12.8bn).

The loan, the first the Washington-based lender will make to a country at war, could represent one of the biggest tranches of financial support for Ukraine so far. It still needs to be signed off by the IMF's executive board, a process that should conclude within weeks.