The IMF and Ukraine have signed an agreement to provide additional $17.5 billion over a four-year period, fund chief Christine Lagarde said. The total bailout package for Kiev currently stands at $40 billion.
Lagarde will propose to the governing council of the IMF that the program of assistance to Ukraine be expanded to $17.5 billion by the end of the month.
“The program is not yet approved by the governing council. I hope to offer it for approval by the end of February,” she said.
“This new four-year arrangement would support immediate economic stabilization in Ukraine as well as a set of bold policy reforms aimed at restoring robust growth over the medium term and improving living standards for the Ukrainian people,” Lagarde said in a statement Thursday.
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