Ukraine and the IMF agreed to a standby loan

Ukraine and the international monetary Fund (IMF) has tentatively agreed to allocate the country a reserve credit for a period of 18 months. Kiev will have access to the amount of $5 billion, the press service of the Fund.

according to the report, agreements were reached “at the working level”. The new loan is designed to provide balance of payments and budget support to counter the effects of the shock of the pandemic coronavirus.

it is Expected that the IMF will consider the agreement in the coming weeks.

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