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IMF Board approves $15.6 billion support package for Ukraine
[01/04/2023 01:28]
WASHINGTON - SABA
The International Monetary Fund Executive Board announced that it has approved a new 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 11.6 billion (about US$15.6 billion) as part of a US$115 billion total support package for Ukraine.

The IFM's decision allows the immediate disbursement of around SDR 2 billion (or US$2.7 billion).

This is the largest amount has been approved for Ukraine since the Russian-Ukrainian war broke out on 24 February 2022.

The approval of the EFF is expected to mobilize large-scale concessional financing from Ukraine’s international donors and partners, to help resolve Ukraine’s balance of payments problem.


German Exports Rise 3.9 Percent
Tunisian Economy Grows 2.3 In 2Q
Gold Edges Higher Ahead of U.S. Jobs Data
Korea's Travel Account Posts Surplus for 3rd Month in Row
Oil price tops $100 a barrel
Italy budget deficit at 3 percent
Oil rises as markets assess supply risks
Italian Industrial production falls 0.6 percent
Korea large companies' exports rise 10 percent
China's foreign exchange reserves rise to $3.3991 trillion

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