The Washington-based International Monetary Fund (IMF) agreed to release a $15.6 billion loan package to Ukraine on Wednesday while reassuring contributors Kyiv has strong economic policies and is “fighting corruption.”
The Washington-based International Monetary Fund agreed to release a $15.6 billion loan package to Ukraine on Wednesday while reassuring contributors Kyiv has strong economic policies and is “fighting corruption.
The loan program will run for four years, with the first 12 to 18 months focusing on helping Ukraine close its massive budget deficit and easing the pressure to print money to use for spending, the IMF said in a statement as reported by AP. The loan program goes beyond previous IMF practice by lending to a country at war, under new rules that allowed assistance due to circumstances of “exceptionally high uncertainty.”, Ukraine has been beset by allegations of corruption to the highest levels of government since before the Russian invasion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ikea's Next Gadget Is a $15 Waterproof Bluetooth SpeakerIkea Expands Its Affordable Electronics Lineup With a $15 Waterproof Bluetooth Speaker
Lire la suite »
Ukraine war: Xi, Putin pledge to shape new world order, no peace in sight for UkraineChina's President Xi Jinping and Russia's President Vladimir Putin set their sights on shaping a new world order as the Chinese leader left Moscow on Wednesday, having made no direct support for Putin's war in Ukraine during his two-day visit.
Lire la suite »
Subway’s $15 Footlong Pass goes on sale early Tuesday. Potential savings? $150Pass will give customers a half-off sandwich deal every day from April 1-30
Lire la suite »
IMF approves $2.9B bailout for cash-strapped Sri LankaSri Lanka defaulted on its foreign debt in April 2022 as the country plunged into its worst economic downturn since independence because of a major shortage of foreign currency reserves.
Lire la suite »
IMF examines CBDC design in context of Islamic banking, finds some risks magnifiedThe International Monetary Fund has published a paper on how central bank digital currency use may unintentionally impact monetary policy, particularly in Islamic banking.
Lire la suite »
IMF is bullish Sri Lanka's crisis-stricken economy will recover as country gets bailoutThe South Asian country is grappling with its worst financial crisis in decades and the IMF's decision will allow an immediate disbursement of a $333 million loan over four years.
Lire la suite »