The International Monetary Fund (IMF) has approved a new USD 17.5 B financial aid package for Ukraine to help the country stave off collapse of its economy.
The new funding plan replaces the existing two-year USD 17 B aid programme from April 2014 that proved inadequate to stabilize Ukraine’s finances as the country fights an insurgency by pro-Russian rebels in its eastern regions, home to a great portion of its industrial base.
The IMF’s executive board gave the go-ahead for the four-year reform programme agreed with Ukraine’s government , Managing Director Christine Lagarde announced in a statement on Wednesday.
“This new four-year extended …read more
Source: Novinite
