BRUSSELS—The International Monetary Fund has agreed to give Ukraine a new bailout deal worth 15.5 billion euro ($17.5 billion) that could climb to around $40 billion over four years with help from other lenders like Europe and the U.S.
Ukraine has so far received $4.6 billion as part of an earlier $17 billion aid package the IMF agreed on last year, but that program has run into trouble as the war ravaging the country’s eastern region has weighed on economic prospects.
Facing bankruptcy, Ukraine last month asked the IMF to replace its program with a new one to restore confidence in its …read more
Source: The Epoch Times
