3/31, 8:14 PM (Source: TeleTrader)
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IMF approves $15.6B support for Ukraine

The International Monetary Fund (IMF) board approved on Friday the $15.6 billion aid package for Ukraine that will be spread over four years.

"I'm thankful to the IMF and @KGeorgieva for approving a new four-year support program for Ukraine for the total of $15.6 billion. It is an important help in our fight against Russian aggression. Together we support the economy," Ukrainian President Volodymyr Zelensky said in a tweet following the announcement.

Earlier this month, the IMF and Ukraine agreed on the staff level on a set of macroeconomic and financial policies that would be supported by a new 48-month Extended Fund Facility (EFF) Arrangement.

Baha Breaking News (BBN) / NP