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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.


Gold Rises Over 1 Percent
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
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Italy budget deficit at 3 percent
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Italian Industrial production falls 0.6 percent
Korea large companies' exports rise 10 percent

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