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IMF Says It May Finance Ukraine Even If Creditors Don’t Get Paid

The International Monetary Fund’s No. 2 official said the crisis lender can keep supporting Ukraine even if the country doesn’t pay its bondholders.

“We have a policy of lending into arrears which allows us to continue lending to a member state when it has arrears with private creditors, providing it’s fulfilling all its other commitments that it’s made to us,” IMF First Deputy Managing Director David Lipton said Tuesday in Washington. “This is a way we can go forward.”