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IMF Board Approves $15.6 Billion Loan for Ukraine Amid War

  • Agreement will see Kyiv receive disbursements over four years
  • Approval allows for immediate disbursement of $2.7 billion
A resident walks past destroyed houses in the village of Russkiye Tishki in the north of Kharkiv region of Ukraine on March 27.

A resident walks past destroyed houses in the village of Russkiye Tishki in the north of Kharkiv region of Ukraine on March 27.

Photographer: Sergey Bobok/AFP/Getty Images
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The International Monetary Fund’s board signed off on a $15.6 billion aid package for Ukraine, the final approval for the institution’s first-ever loan to a nation at war.

The executive board on Friday approved the four-year loan, and it will immediately disburse about $2.7 billion, the Washington-based lender said in a statement. The program aims to bolster the country’s economy, strengthen its institutions and promote long-term growth and reconstruction after the war.