IMF approves $15.6-billion Ukraine loan, part of $115 billion in global support

This is the first major conventional financing program approved by the International Monetary Fund for a country involved in a large-scale war.

, who pushed hard for the past year to secure the IMF funding package and paid a surprise visit to Ukraine in February, said the package would help secure the country’s economic and financial stability and set the foundation for long-term reconstruction.

The IMF said international financial institutions, private-sector firms, and most of Ukraine’s official bilateral creditors and donors backed a two-step debt treatment process for Ukraine that includes adequate financing assurances on debt relief and concessional financing during and after the program.

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