- IMF has agreed to provide Ukraine with $15.6bn loan to support its economy following Russia's invasion.
- The program will last for 2 stages with the first 12-18 months focusing on fiscal, external, price, financial stability.
- Ukraine will work on increasing tax collection and eliminating monetary financing during the first stage of the program.
- Second stage will last 4 years and will aim to entrench macroeconomic stability and support recovery.
Ukraine clinches $15.6bn IMF loan
Agreement marks financial lifeline for Kyiv as it looks to shore up economy following Russia’s invasion
James Politi
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