If ratified by IMF board, loan would be largest-ever to country in active conflict; China not impartial ‘in any way’ says US national security council spokesperson
The International Monetary Fund said on Tuesday it had reached a staff-level agreement with Ukraine for a four-year financing package worth about $15.6 billion, offering funds the country needs as it continues to defend against Russia’s invasion.
The agreement, which must still be ratified by the IMF’s board, takes into consideration Ukraine’s path to accession to the European Union after the war. The fund said its executive board was expected to discuss approval in the coming weeks.
