Ukraine to receive $27B in international support over two years

|By:, SA News Editor

The IMF has agreed to provide Ukraine with $14-18B as part of an economic-reform program that will enable the country to tap a total of $27B of international support over the next two years.

The goal of the reform is to "restore macroeconomic stability and put the country on the path of sound governance and sustainable economic growth," the IMF said. The program will focus on reforms in monetary and exchange rates, the financial sector, fiscal policies, energy, governance, transparency and the business climate.

The USD-UAH is flat at 11.15 Ukrainian Hryvnia, while the UX stock index is +1%. (PR)