IMF sets up administered account to allow donors to fund Ukraine - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Ukraine’s finance ministry on Monday welcomed the creation of a special new account set up by the International Monetary Fund to give bilateral donors and international organizations a secure way to send financial resources to war-torn Ukraine.

Donors will deposit reserve currencies or Special Drawing Rights, the IMF's own reserve currency, into the new account, which will then disburse these resources as grants or loans into Ukraine's SDR account at the fund.Donors will deposit reserve currencies or Special Drawing Rights, the IMF's own reserve currency, into the new account, which will then disburse these resources as grants or loans into Ukraine's SDR account at the fund.

The account will allow donors to provide grants and loans to help the Ukrainian government meet its balance of payments and budgetary needs and help stabilize its economy as it continues to defend against Russia’s deadly invasion. Donors will deposit reserve currencies or Special Drawing Rights, the IMF’s own reserve currency, into the new account, which will then disburse these resources as grants or loans into Ukraine’s SDR account at the fund.

IMF staff last month said Ukraine’s economy was expected to contract by 10% in 2022 as a result of the invasion, but warned the outlook could worsen sharply if the conflict drags on.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I won't be sharing this good news on how am getting paid from AmelieBtc1 platform if I didn't see others testifying I was doubting but now that am experiencing how great her platform work.I also recommend you to AmelieBtc1 bitcoin mining for safe and secured investment

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 UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Heavy rains continue in KZN - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Weather Service expects the rain to continue until Wednesday over the central and eastern parts of the country. I never believe in making money online before,but since I started seeing different people testifying about Mr Sethu, i was so interested in,to investing with him because all friends who Invested have all received their profits successfully 👉 Sethu_Raman_1 I won't be sharing this good news on how am getting paid from AmelieBtc1 platform if I didn't see others testifying I was doubting but now that am experiencing how great her platform work.I also recommend you to AmelieBtc1 bitcoin mining for safe and secured investment
Source: SABCNews - 🏆 37. / 51 Read more »