IMF board approves $15.6 bln loan for Ukraine -source

IMF board approves $15.6 bln loan for Ukraine -source
# 31 March 2023 20:09 (UTC +04:00)

The executive board of the International Monetary Fund on Friday approved a four-year $15.6 billion financing package for Ukraine to help the country meet urgent funding needs as it continues to defend against Russia's invasion, a source told Reuters, APA reports.

The loan is Ukraine's biggest since Russia's full-scale invasion on Feb. 24, 2022, and the first major package approved by the IMF to a country involved in an active conflict.

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THE OPERATION IS BEING PERFORMED