WASHINGTON, Nov 23 — The International Monetary Fund’s executive board yesterday approved disbursement of US$699 million to Ukraine after completing its first review of the country’s economic performance under an 18-month lending arrangement, the IMF said.
It said completion of the review brought total disbursements under Ukraine’s current Stand-By Arrangement to about US$2.8 billion. The board also approved an extension of the financial arrangement to the end of June 2022, and a rephrasing of programme disbursements. — Reuters
Source: Loan Digest (loandigest.net)
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