IMF agrees new aid package for Ukraine

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

The International Monetary Fund approved a new multi-billion dollar financial support arrangement for Ukraine, it announced on December 18.

The two parties agreed to end a previous deal in which Ukraine received significant amounts of aid over nearly four years in return for major economic reforms. The country’s central bank, the National Bank of Ukraine, played the most significant role in carrying out the reforms that the IMF demanded under the previous deal.

Under the new arrangement, the

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