The International Monetary Fund has signed off on a $17.5bn (£11.8bn) four-year aid programme for Ukraine, the second attempt in less than a year to help the country avoid bankruptcy.
The programme includes an immediate payment of $5bn for general budget support to help stabilise Ukraine’s listing economy.
Christine Lagarde, the head of the IMF, said the aim was to provide immediate economic stabilisation for a country beset by conflict.
The programme was ambitious and involved risks, Lagarde said, “notably those stemming from the conflict” with pro-Russia separatists in eastern Ukraine. “With continued firm implementation, there is reasonably strong prospect of success.”
via The Guardian
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.