You're reading: Bloomberg: IMF board approves $5 billion Ukraine loan, disburses first cash

The International Monetary Fund’s executive board approved $5 billion of aid to Ukraine, the culmination of months of talks that grew more urgent as the coronavirus pandemic struck. The Washington-based lender will disburse the first $2.1 billion loan tranche immediately, according to an emailed statement Tuesday. Ukraine needs money to help cover its budget deficit, which tripled as the government ramped up economic support amid the Covid-19 pandemic.

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