Accessibility links

Breaking News

IMF Agrees to $17.5 Billion Bailout for Ukraine


FILE - International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the Council on Foreign Relations in Washington, Jan. 15, 2015.
FILE - International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the Council on Foreign Relations in Washington, Jan. 15, 2015.

The International Monetary Fund has agreed on a new $17.5 billion bailout deal for Ukraine to help stabilize the country's finances.

The four-year deal could include as much as $40 billion in funding when combined with money from other lenders, IMF chief Christine Lagarde said.

Ukraine's cash-strapped government struggled for financial help even before a nearly year-long conflict began along its eastern border with Russia.

Prime Minister Arseniy Yatsenyuk said Thursday the government would carry out necessary reforms, including cutting spending. He said if the reforms are successful and the conflict ends, then Ukraine's economy will grow next year.

  • 16x9 Image

    VOA News

    The Voice of America provides news and information in more than 40 languages to an estimated weekly audience of over 326 million people. Stories with the VOA News byline are the work of multiple VOA journalists and may contain information from wire service reports.

‚Äč
XS
SM
MD
LG