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Ukraine Gets IMF Approval for $17 Billion Loan Amid Unrest

The International Monetary Fund approved a $17-billion loan to Ukraine with an immediate disbursement of $3.2 billion to help the country pay its debts as separatist unrest threatens to split the nation’s east.

“This program does have risks,” IMF Managing Director Christine Lagarde said after a board meeting in Washington yesterday, citing geopolitical tension and potential difficulty following through on loan conditions. “Ukraine has an opportunity to seize the moment, to break away from previous practices, both from a fiscal, from a monetary and from a governance point of view.”