Ukraine, IMF reach $5.5 billion agreement

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

KYIV, Ukraine (AP) — Ukraine and the International Monetary Fund have reached agreement on a new $5.5 billion program to boost the country’s growth and economic reforms.

The agreement, which still must be approved by the fund’s management, was reached in a Saturday telephone call between Ukrainian President Volodymyr Zelensky and IMF managing director Kristalina Georgieva.

Details of how the money would be used over the plan’s three years weren’t given.

Zelenskiy, who was elected in April on a platform focusing on economic reforms and fighting corruption, said in a statement that the program will accelerate growth.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recent Videos

Century Boy's Hockey

Century Girl's Basketball

Kenmare Girl's Basketball

Bismarck Girl's Basketball

Dr. Wynne: Grandparents

WSC Food Pantry

Antibody Clinic

Infertility Myth

KX Convo: Dr. Ted Fogarty

Teacher Fund

Prenup Bill

Drilling Moratorium

KX Storm Team Full Evening Forecast w/Tom Schrader 1/27.

Rolette County Jail

YHF

Tom's Wednesday Afternoon #OneMinuteForecast 1/27

Wednesday, January 27th, 2021 - KX Storm Team Evening Forecast - Dave Holder

NDC JAN 27 2ND HR

United Tribes Basketball

WDA Hockey

More Video

Don't Miss

More Don't Miss

KX News Trending Stories