The Worldwide Financial Fund’s govt board on Friday authorized a four-year $15.6 billion financing bundle for Ukraine as a part of a $115 billion complete worldwide assist bundle, as Russia’s invasion stretched right into a second yr, the IMF stated.
The choice is anticipated to mobilize large-scale concessional financing from Ukraine’s worldwide donors and companions to assist resolve Ukraine’s steadiness of funds drawback, attain medium-term exterior viability, and restore debt sustainability, the fund stated in a press release.
It stated the brand new Prolonged Fund Facility would enable the fast disbursement of round $2.7 billion to Ukraine.