IMF plays key role in Ukraine aid
Ukraine is first country to receive large loan under new lending standards
International Monetary Fund staff said Ukraine’s authorities have met the conditions for the first tranche of aid given under new regulations.
The IMF’s new Ukraine package is the first time it has used newly modified rules on giving large-scale loans to countries facing crisis. It published a new policy on March 17, allowing it to extend “upper credit tranche” aid “in situations of exceptionally high uncertainty”.
Upper credit tranche aid packages consist of over 25% of an IMF member’s
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