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You're reading: IMF approves $17 billion loan for Ukraine
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Bailout package comes as a loan, however all the conditions of repaying it have not been disclosed yet. Analysts previously interviewed by the Kyiv Post have told that IMF lends money to Ukraine with a very attractive 4 percent interest rate, a bargain compared to the 15 percent rate for the Ukraine’s three-year internal bonds.

The program also is expected to unlock additional international assistance of around $27 billion from the European Union, the World Bank and other international creditors.

Ukraine will immediately receive $3.19 billion with $2 billion being allocated to budget support. “The second and third disbursements will be based on bi-monthly reviews and performance criteria, and the remainder of the program period will be subject to standard quarterly reviews and performance criteria,” reads the IMF statement.

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