Posted on June 10, 2020
Copyright © 2020 Reuters
Ukraine: IMF approves $ 5 billion loan
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WASHINGTON / KIEV (Reuters) – The International Monetary Fund (IMF) on Tuesday approved a five billion dollar (4.4 billion euros) loan to Ukraine, as the coronavirus epidemic plunges the country into recession .
The IMF will release $ 2.1 billion immediately from the 18-month stand-by credit agreement it had previously granted it.
The government of Volodimir Zelenski presented this agreement as a vote of confidence in its capacity to implement reforms, in particular a banking law going against the interests of one of the richest magnates of the country.
(David Lawder Washington and Matthias Williams Kiev; French version Camille Raynaud)
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Reuters
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