The International Monetary Fund said its board on Wednesday approved a long-awaited loan disbursement to Ukraine of about $1 billion after a review of the country’s bailout program.
The IMF has agreed to pump $17.5 billion into Ukraine’s economy in a four-year bailout, releasing the funds in installments subject to the government’s making progress on economic and anti-corruption reforms.
To date, Ukraine has received about $7.62 billion in the program, which was launched in March 2015.
The latest disbursement was less than the roughly $1.7 billion anticipated, after some reforms required by the fund had stalled.
But the IMF said in a statement that …read more
Source: Voice of America
