IMF Considers Sending Aid Package to Ukraine

IMF Considers Sending Aid Package to Ukraine

In the news that Bloomberg based on anonymous sources on the subject, it was reported that the IMF is preparing an aid package for Ukraine. The report said the IMF is considering a $16 billion multi-year aid package for the country to help meet Ukraine‘s needs and provide a catalyst for more international financing.

A Few Changes Are Required To Submit the Aid Package

The plan will require changes in the IMF’s lending rules so that the fund can lend to the war-torn country, the Kyiv government has committed to a number of policies, as well as successfully completing the four-month non-cash IMF program approved last year. 

In the news, it was stated that if approved, the aid package would cover a period of 3-4 years, and the payment of 5-7 billion dollars is expected to be made in the first year.

In the news, which stated that an agreement on the plan could be reached by the end of March, it was stated that the first payment could be made to Ukraine in April.

IMF considers

According to the Anadolu Agency of Turkey, IMF Is In Close Contact with Ukraine

“IMF officials continue to be in close contact with Ukrainian officials in these difficult times, including in the context of Board Participated Program Monitoring, which could pave the way for a full-fledged program.” the IMF said in a statement to Anadolu Agency.