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Coronavirus: IMF approves $5b in aid to Ukraine

18-month program 'aims to help Ukraine to cope with COVID-19 pandemic'

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AFP
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A passenger (R) gets a temperature check before boarding a train at the central railway station in Kiev, on June 1, 2020.
A passenger (R) gets a temperature check before boarding a train at the central railway station in Kiev, on June 1, 2020.
AFP

Washington: The International Monetary Fund has approved a $5 billion (Dh18.4 billion) aid package for Ukraine with an immediate release of $2.1 billion, the institution announced in a statement on Tuesday.

The new 18-month program “aims to help Ukraine to cope with COVID-19 pandemic challenges,” the Fund said in a statement published on its website. The program was agreed in principle on May 21 but has now received the green light from the body’s board of directors.

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