IMF approves $5-billion loan for Ukraine

Business & Economy June 10, 2020, 5:13

About US$2.1 billion will be allocated immediately

WASHINGTON, June 10. /TASS/. The Executive Board of the International Monetary Fund (IMF), which convened on Tuesday, approved issuing a 5-billion loan for Ukraine for 18 months, the IMF said in a statement.

"The Executive Board of the International Monetary Fund (IMF) approved today an 18-month Stand-by Arrangement for Ukraine," the statement says.

"The approval of the SBA enables the immediate disbursement of the equivalent of SDR 1.5 billion (about US$2.1 billion)," it says.

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