This would be Ukraine's biggest loan package since Russia's full-scale invasion on February 24, 2022.
The agreement, which must still be ratified by the IMF’s board, follows months of negotiations between IMF staff and Ukrainian authorities. The IMF said its executive board is expected to discuss approval in the coming weeks.
The global lender said the agreement is expected to help unleash large-scale financing for Ukraine from international donors and partners, but gave no details. Typically IMF loans unlock support from the“A gradual economic recovery is expected over the coming quarters, as activity recovers from the severe damage to critical infrastructure, although headwinds persist, including the risk of further escalation in the conflict,” IMF official Gavin Gray said in a statement announcing the agreement.
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