The deal between Kyiv and the Washington-based lender is a so-called staff-level agreement aimed at establishing a full lending program to unlock billions in financing next year if the government meets conditions, according to the lender’s statement on Wednesday.
The four-month program “will provide an anchor for macroeconomic policies and catalyze donor support,” Gavin Gray, who led the IMF mission, said in a statement. “Strong policy implementation would help pave the way towards a full-fledged IMF-supported program.” Russia has destroyed parts of Ukraine’s industrial base, agriculture and basic infrastructure since its invasion began in February, triggering an economic contraction of some 30% this year. That deprived the government of revenue to finance basic needs, forcing Kyiv to rely on international aid and a program of bond sales.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF to disburse $59 mln to Mozambique after loan review - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The International Monetary Fund said its executive board on Monday completed its first review of Mozambique’s three-year loan programme, allowing for an immediate disbursement to Maputo of about $59.26 million. SouthAfricansP1 This imf crap is the enslavement of countries for global purposes
Source: SABCNews - 🏆 37. / 51 Read more »
IMF approves $88.3 million for Malawi under 'food shock' loan window - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The International Monetary Fund said its executive board on Monday approved an $88.3 million disbursement to Malawi under the new 'food shock window' emergency lending facility launched in response to food price spikes and shortages caused by Russia's war in Ukraine. RET faction of ANC would love to be Malawians' guests - just to loot that money Yah neh!! Where does IMF gets the money?
Source: SABCNews - 🏆 37. / 51 Read more »