HomeWorldThe IMF changed the...

The IMF changed the rules for approving loans to Ukraine

Photo: aseanop.com

The IMF has approved changes to the Fund’s financial guarantee policy and will now approve a new loan program for Ukraine.

The Board of Directors of the International Monetary Fund (IMF) has approved changes to the Fund’s financial guarantee policy, which will now allow the approval of a new loan program for Ukraine. The IMF reported this.

The changes are applied in situations with very high uncertainty associated with exogenous shocks that are beyond the control of the country’s authorities and create higher than usual risks.

Previously, Country Crisis Fund rules did not allow for non-emergency loans to countries facing significant uncertainty: as a result of major wars or long-term natural disasters caused by climate change.

The IMF said the revised rules would remove major obstacles to such loans. It will also allow official bilateral creditors and donors to provide a pre-guarantee for IMF repayment and debt cancellation to the borrowing country.

As previously reported, in August last year, the IMF provided Ukraine with $2.7 billion in emergency financing. The fund also said they consider a full loan for Ukraine possible, although it is not usually granted to warring countries.

Ukraine expects that the new IMF program will be implemented in two phases – military and post-war.

In addition, The Financial Times said a new four-year $15.6 billion loan program for Ukraine is about to be announced.

news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Trump is consecrated with the leader of the war in Europe in Ukraine – The Guardian

US President Donald Trump will discuss with European leaders the opportunity to put an end to the war in Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } This weekend,...

UAVs attacked the signal electronic plant in Rossi Stavropole (video)

Drones on Saturday morning, July 26, struck a signaling plant in the Russian Stavropol. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } One of the unmanned aerial vehicles fell into...

Ukraine and the Russian Federation organized in Zelensky with Putin – the head of Turcia Mid

Ukraine and Russia have reached a “fundamental agreement” at a meeting of President Vladimir Zelensky with dictator Vladimir Putin. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The last meeting...

Russian night attacked Ukraine with 208 drones and 27 missiles (photo)

The country of the aggressor inflicted a new huge blow to Ukraine. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On the night of July 26, the enemy attacked 235...

Kharkov received a bunch of 20 kabbits, ballet and drones

The Russian army caused a huge combined blow to Harkiva. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } On July 26, the hostile attack lasted on July 26 within three...