• İstanbul 19 °C
  • Ankara 17 °C

IMF approves $15.6 billion loan for Ukraine

IMF approves $15.6 billion loan for Ukraine
Extended fund arrangement part of $115 billion overall support package for war-torn country

By Ovunc Kutlu

ISTANBUL (AA) - The International Monetary Fund (IMF) announced Friday it has approved a $15.6 billion loan program for Ukraine amid the ongoing war with Russia.

The four-year Extended Fund Facility (EFF) arrangement is part of the $115 billion total support package for Ukraine.

"Ukraine’s EFF-supported program aims to anchor policies that sustain fiscal, external, price and financial stability and support economic recovery, while enhancing governance and strengthening institutions to promote long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession," the IMF said in a statement.

"The approval of the EFF is expected to mobilize large-scale concessional financing from Ukraine’s international donors and partners, to help resolve Ukraine’s balance of payments problem, attain medium-term external viability, and restore debt sustainability on a forward-looking basis in both a baseline and downside scenario," it added.

source: News Feed
This news is a total 45 time has been read
Tags: , ,
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim