IMF to Consider Lending-Policy Change That Would Help Ukraine
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The International Monetary Fund said it will soon make a decision on changing its policy to allow lending to countries in arrears to official creditors, a move that would aid Ukraine in a debt dispute with Russia.
Such a change may allow Ukraine to keep receiving tranches of a $17.5 billion IMF loan even if it misses payment on a $3 billion bond due to Russia on Dec. 20. Current policy only allows member states to miss payments to commercial investors.