IMF approves US$890m as further cash injection for Ukraine ...Middle East

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WASHINGTON: The International Monetary Fund (IMF) has made another cash injection available to Ukraine, reported German news agency (dpa). The executive board completed an initial review of the US$15.6 billion (€14.4 billion) aid programme, allowing Ukraine immediate access to about US$890 million, the IMF said on Friday. The money is to be used for budget support, it said. The loan programme – a so-called Extended Fund Facility – was approved in March and is part of a total of US$115 billion support package for Ukraine. The IMF certified that the Ukrainian authorities had made “great progress in meeting their commitments under difficult conditions”. - Bernama

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