Ukraine Clinches $15.6 Billion IMF Loan, a First for Nation at War
- Staff-level agreement would see Kyiv get funds over four years
- Move will help Ukraine shore up its war-battered budget
IMF headquarters in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
Ukraine won staff backing for a $15.6 billion loan from the International Monetary Fund, setting up the first loan to a nation at war in the institution’s 77-year history.
The IMF and the government in Kyiv reached a staff-level agreement on a comprehensive loan program over four years, the Washington-based lender said in an emailed statement on Tuesday. The agreement is expected to be finalized with the approval of the IMF board in coming weeks.