IMF Approves $17.5B Loan for Ukraine

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

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza