International Monetary Fund approves $15 billion loan for Ukraine

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Jul. 29, 2010 05:52
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Sustained implementation reforms will help Ukraine entrench macroeconomic stability, boost confidence, facilitate access to capital markets, and emerge with more balanced and robust growth, the International Monetary Fund said on July 28 in a press release.
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The Executive Board of the International Monetary Fund (IMF) today approved a 29-month SDR 10 billion (about US$ 15.15 billion) Stand-By Arrangement for Ukraine in support of the authorities’ economic adjustment and reform program. Read the statement here.
Following the Executive Board’s discussion of Ukraine, Mr. Lipksy, First Deputy Managing Director and Acting Chair, made the following statement:

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