Download video (23.32 MB)The International Monetary Fund has approved a two-year $17.1 billion loan package for Ukraine. The immediate disbursement of $3.2 billion will allow Ukraine to avoid a potential debt default.
The IMF’s 24-member board agreed to the two-year program to aid Ukraine’s troubled economy on Wednesday.
The approval gives the green light for the immediate release of $3.2 billion to Ukraine, which will allow the nation not to fall into default, Reuters reports. More than half of that money will be dedicated to supporting the country’s budget.
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Lucas 2012 Infos 