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Ukraine gets $2.7bn from new IMF programme

IANS
Updated: April 4th, 2023, 14:41 IST
in International
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Ukraine gets $2.7bn from new IMF programme
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Kyiv: Amid Russia’s ongoing war against Kyiv, Ukraine received the first tranche of $2.7 billion from the International Monetary Fund’s (IMF) new aid programme, a top official said here.

“We thank our partners for their quick help,” Xinhua news agency quoted Andriy Pyshnyy, chairman of the National Bank of Ukraine (NBU), as saying.

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Ukraine is now actively working to successfully pass the first review of the program and receive the next tranche of aid, he added.

Last week, the IMF approved a new 48-month extended arrangement under the Extended Fund Facility (EFF) worth about $15.6 billion.

The program aims to anchor policies that sustain fiscal, external, price and financial stability, and support the economic recovery of Ukraine.

IANS

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