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She said Ukraine has managed to “implement and maintain sound economic policies” with the support of the international community. The Ukrainian authorities have demonstrated their commitment to tackling key governance and corruption issues. This is a testament to Selenski’s leadership strength.
In March, the IMF provided Ukraine, which was under attack by Russia, with a billion-dollar financing package. The loan program is expected to give the country access to $15.6 billion. The program is part of an international aid package totaling $115 billion and will last four years.
A decision by the Board of Directors at the time allowed for the immediate disbursement of approximately $2.7 billion. In a first step, the focus was on a solid budget and revenue mobilization. According to the IMF, “ambitious structural reforms” must then be implemented in Ukraine. On Monday, the Board of Directors approved a second $900 million payout. (SDA)
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
