The International Monetary Fund (IMF) leadership will announce the approval of the loan program for Ukraine in the coming days. The amount of financial aid to be made to the country will be 15.6 billion dollars, informs Citing a knowledgeable source, the Financial Times.
The financial aid program will be designed for four years. Negotiations with the Ukrainian authorities were held in Warsaw from March 8-15. The article states that the loan program will help Kiev compensate for the “massive” budget financing deficit resulting from the ongoing conflict with Russia.
“IMF completes $15.6 billion four-year lending program to Ukraine. A person close to the negotiations said the announcement (about the allocation of financial aid to Kiev – socialbites.ca) was “inevitable”. It is critical – with billions of dollars in funding from other foreign partners, including the US and EU – to help it bridge its huge funding gap.
On February 27, the Interfax agency cited a joint statement by the finance ministers and the heads of the central banks of the G7 countries. reportedHe said the political alliance has increased its commitment to budget and economic support to Ukraine to $39 billion in 2023. 2023.