from breakfastmtn@piefed.ca to world@lemmy.world on 27 Feb 06:02
https://piefed.ca/c/world/p/557239/ukraine-secures-8-1-billion-imf-lifeline-as-funding-gaps-loom
The International Monetary Fund (IMF) gave the final seal of approval for an $8.1 billion loan to Ukraine, with more lenient terms for the war-torn country than initially planned.
The fund’s executive board signed off on the new program in Washington, D.C. on Feb. 26, the IMF announced in a press release. Ukraine, which relies on continued injections of foreign cash to keep its finances afloat, will receive financial support from the fund in tranches through 2029, with the first payment arriving as an immediate disbursement of $1.5 billion.
The Washington-based lender and Kyiv had initially agreed to a more stringent version of the program in November 2025, requiring Ukraine to adopt or table legislation on a series of unpopular taxes to unlock the program.
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