Ukraine Commits to Tighten Fiscal Policy to Access IMF Aid
Ukrainian servicemen sit on a tank near Bakhmut, Ukraine on December 22.
Photographer: Sameer al-Doumy/AFP/Getty ImagesThis article is for subscribers only.
Ukraine’s government committed to steps to take in the coming weeks to access billions of dollars in loans from the International Monetary Fund, according to a memorandum signed by both sides.
The eastern European nation, which has been trying to push back the invading forces of Russian President Vladimir Putin, is seeking to borrow as much as $20 billion from the Washington-based lender to shore up its public finances after securing a deal for a provisional four-month monitoring program known as a PMB that, if successfully completed, will pave the way for the aid.