Ukraine, IMF agree on $15.6 billion loan package


The IMF and Ukraine have agreed on a new loan package to support the government's finances severely strained by Russia's invasion. The $15.6 billion deal is expected to leverage even more money by assuring other donors that Ukraine is following strong economic policies. The nation's finance ministry says the program will help to mobilize financing for Ukraine's international partners and ensure the path to post war reconstruction the government's running a huge budget deficit amid massively higher military spending, and is reliant on outside help the loan agreement also aims to support Ukraine's efforts to revamp its economy as part of its bid to join the EU. I'm Charles De Ledesma

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