IMF nears $1.7 billion loan payout to Ukraine

The International Monetary Fund said that its Ukraine mission had reached agreement with Kiev authorities on the steps needed to release $1.7 billion in much-needed bailout funds to the governmentThe International Monetary Fund said Thursday that its Ukraine mission had reached agreement with Kiev authorities on the steps needed to release $1.7 billion in much-needed bailout funds to the government. The mission has been reviewing the country’s reform achievements since the IMF awarded Ukraine a new four-year, $17.5 billion support program in March and released the first tranche of funds. The release is also subject to approval by IMF management and the executive board, it added.

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