IMF agrees to $14 to $18B bailout for Ukraine

IMF agrees to $14 to $18B bailout for Ukraine

Reuters: The International Monetary Fund agreement is intended to help Ukraine meet debt payments.

"The mission has reached a staff-level agreement with the authorities of Ukraine on an economic reform program that can be supported by a two-year Stand-By Arrangement (SBA) with the IMF," the IMF said in a statement.

"The financial support from the broader international community that the program will unlock amounts to $27 billion over the next two years. Of this, assistance from the IMF will range between $14-18 billion, with the precise amount to be determined once all bilateral and multilateral support is accounted for."

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