IMF Says Reached Staff-Level Agreement On $15.6Bln Loan Program For Ukraine
Umer Jamshaid Published March 22, 2023 | 02:10 AM
WASHINGTON (UrduPoint News / Sputnik - 22nd March, 2023) The International Monetary Fund (IMF) announced that it has reached a staff-level agreement on $15.6 billion loan program for Ukraine.
"I am pleased to announce that the IMF team has reached a staff-level agreement with the Ukrainian authorities on a four-year IMF-supported program, with access requested of SDR 11.
6 billion (US$15.6 billion), or 577% of Ukraine's quota," IMF delegation chief Gavin Gray said in a statement on Tuesday.
This agreement is subject to approval by the IMF executive board, which is expected to meet in the coming weeks to consider the agreement.
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