IMF and World Bank pledge Ukraine aid

IMF headquarters in Washington, DC

The International Monetary Fund and World Bank issued a joint statement on March 1, promising more than $5 billion in funding would be available for Ukraine.

The IMF said that it was evaluating Ukraine’s application for an emergency loan under the Rapid Financing Instrument. The fund did not specify how much Ukraine had requested.

Ukraine has a $5 billion standby arrangement loan with the IMF, which the fund approved in June 2020. The fund said Ukraine had $2.2 billion from this package

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