Ukraine, IMF agree on $15.6 billion loan package

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Ukraine, IMF agree on $15.6 billion loan package
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The IMF and Ukraine have agreed on a new loan package aimed at shoring up government finances severely strained by Russia’s invasion. ukraine imf kprc2 click2houston

Ukrainian President Volodymyr Zelenskyy talks during a joint press conference with Japanese Prime Minister Fumio Kishida in Kyiv, Ukraine, Tuesday, March 21, 2023. – Ukraine and the International Monetary Fund have agreed on a $15.6 billion loan package aimed at shoring up

, as well as to maintain macrofinancial stability and ensure the path to post-war reconstruction after Ukrainian victory in the war against the aggressor.” The agreement, which still needs approval from the IMF's executive board, “is expected to help mobilize large-scale concessional financing fromand partners over the duration of the program,” Gavin Gray, the IMF's mission chief for Ukraine, said in a statement.

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