IMF endorses $1.1bn budget to back Ukraine …C0NTINUE READING HERE >>>
The IMF’s executive board approved a $1.1 billion payout for Ukraine on Friday, which it says will be used to provide budget support to the war-torn country.
The loan disbursal is the latest tranche of funding the International Monetary Fund has released to Ukraine as part of an ongoing 4-year, $15.5 billion program approved last March.
The approval of the Fund’s fifth loan review brings the total amount disbursed to Ukraine since then to $8.7 billion.
“Russia’s war in Ukraine continues to bring a devastating social and economic toll on Ukraine,” IMF Managing Director…
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