IMF says its board approves $1.3 bln in emergency funding for Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The International Monetary Fund said on Friday its executive board on Friday approved Ukraine’s request for $1.3 billion in additional emergency funding to help sustain its economy as it battles Russia’s invasion.

The funds will come from a new emergency lending programme to address food shortages approved by the IMF board last month.The funds will come from a new emergency lending programme to address food shortages approved by the IMF board last month.

The board approved the funds – which came on top of $1.4 billion the IMF provided to Ukraine after the Russian invasion – following a meeting that lasted over 100 minutes, one source familiar with the decision said. IMF officials are due to meet with Ukrainian authorities in Washington next week during the annual meetings of the IMF and World Bank.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines