WASHINGTON (Reuters) – The International Monetary Fund said it has reached a staff-level agreement with Ukraine for a new $5 billion, 18-month Stand-By Arrangement to help the Eastern European country address the economic shock caused by the coronavirus pandemic.
The agreement, subject to approval by the IMF’s executive board, aims to provide balance of payments and budget support and “will ensure that Ukraine is well poised to return to growth and resume broader reform efforts when the crisis ends,” IMF Ukraine mission chief Ivanna Vladkova Hollar said in a statement.
IMF reaches staff agreement for $5 billion Ukraine financing
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.