WASHINGTON (AFP) – The International Monetary Fund approved Wednesday a $17.5 billion (15.5 billion euro) aid plan for crisis-wracked Ukraine, whose economy is reeling from a pro-Russia insurgency in its industrial heartland.The new loan, with $5 billion to be disbursed immediately, replaces an IMF program less than one year old that proved inadequate to stabilize Kievs finances as it fights the separatists.This new four-year extended arrangement will support immediate economic stabilization in Ukraine and a set of deep and wide-ranging policy reforms aimed at restoring robust growth over the medium term and improving living standards for the Ukrainian people, said …read more
Source: Dunya TV
