The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for Ukraine and released $1.4 billion for immediate use. The IMF had agreed on the $4 billion, 14-month loan in mid-October but the board was waiting for the government to follow through with a series of economic policies before approving the aid to the war-torn nation, including raising gas and heating rates.

IMF board approves new Ukraine loan package, releases $1.4 billion immediately

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IMF board approves new Ukraine loan package, releases $1.4 billion immediately