IMF Says Ukraine Qualifies for Second Tranche of Loan
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An International Monetary Fund mission will recommend that the lender’s board approve the second installment of a $17 billion bailout to Ukraine.
The Washington-based board will meet to approve the disbursement of $1.4 billion, the mission said today in an e-mailed statement from Kiev. The eastern European country met conditions including allowing its currency, the hryvnia, to float freely, said the mission, which has been visiting the Ukrainian capital since June 24.