IMF board approves $15.6 billion loan for Ukraine -source
2023.03.31 12:12
© Reuters. Ukraine’s President Volodymyr Zelenskiy speaks with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva via videolink, as Russia’s attack on Ukraine continues, in Kyiv, Ukraine May 20, 2022. Ukrainian Presidential Press Servic
WASHINGTON (Reuters) – The executive board of the International Monetary Fund on Friday approved a four-year $15.6 billion financing package for Ukraine to help the country meet urgent funding needs as it continues to defend against Russia’s invasion, a source told Reuters.
The loan is Ukraine’s biggest since Russia’s full-scale invasion on Feb. 24, 2022, and the first major package approved by the IMF to a country involved in an active conflict.
(This story has been refiled to add attribution to source in first line)
