The Board of Directors of the International Monetary Fund (IMF) approved a $15.6 billion aid plan signed with the Ukrainian government, paving the way for Kiev to be granted a first disbursement of $2.7 billion.
The IMF pointed out - in a statement Friday - that the four-year plan will allow "support for gradual economic recovery by providing conditions for long-term growth in the context of post-conflict reconstruction, and on the way to joining the European Union."
On his part, the head of the IMF mission in Ukraine stated that this announcement "is part of a comprehensive strategy that was carefully developed in cooperation with the Ukrainian authorities. The first stage required urgent financing granted last year."
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