© Reuters. IMF logo at its headquarters in Washington 04/11/2018 REUTERS/Yuri Gripas
By Andrea Shalal
WASHINGTON (Reuters) – The Executive Board of the International Monetary Fund (IMF) on Friday approved a four-year $15.6 billion financing package for Ukraine as part of a $115 billion international support package. dollars, as the invasion of Russia extends into a second year, the IMF said.
The decision is expected to help unlock large-scale funding from Ukraine’s donors and international partners to help resolve the country’s balance of payments problem, achieve medium-term external viability and restore debt sustainability, he said. the Fund in a statement.
The IMF pointed out that the new extended fund mechanism would allow immediate disbursement of around US$2.7 billion to Ukraine.