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Washington: The Executive Board of the International Monetary Fund (IMF) said on Friday that it approved a new 48-month funding arrangement for Ukraine worth $15.6 billion.
“The Executive Board of the International Monetary Fund (IMF) approved today a 48‑month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 11.6 billion (577 percent of quota or about US$15.6 billion),” IMF said in a press release.
The new arrangement is part of a $115 billion total support package for Ukraine and it allows for immediate disburse about $2.7 billion, the release said.
