The International Monetary Fund said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a broader $115 billion international support package to help the country meet urgent funding needs, TurkicWorld reports citing Reuters.
The decision clears the way for an immediate disbursement of about $2.7 billion to Kyiv, the Fund said in a statement.
The Extended Fund Facility (EFF) loan is the first major financing program approved by the IMF for a country involved in a large-scale war. Ukraine's previous $5-billion IMF program expired last year.
