The International Monetary Fund has agreed to pump $10 billion into Ukraine’s troubled economy over the next year, providing swift assistance for the country’s struggling finances as part of a larger four-year bailout.
The IMF board on Wednesday approved an overall loan of $17.5 billion, with the bulk of the money heading out the door fast: $5 billion likely by the end of this week and another $5 billion in coming months, IMF officials said.
That will be combined with $7.5 billion in loans from other international organizations and an expected $15.4 billion in debt relief that Ukrainian officials hope to negotiate …read more
Source: Voice of America
