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IMF: Ukraine to get $40 billion bailout
http://www.dw.de/imf-ukraine-to-get-40-billion-bailout/a-18250993Even as political leaders were negotiating a ceasefire for eastern Ukraine, the IMF has unveiled a new bailout package for Kyiv. The battle with the separatists has left Ukraine on the brink of bankruptcy.
IMF: Ukraine to get $40 billion bailout
12.02.2015
he International Monetary Fund (IMF) and embattled Ukraine have reached an initial deal on a new financial rescue package worth $17.5 billion, a potential "turning point" for Kyiv, IMF chief Christine Lagarde confirmed on Thursday.
The IMF's contribution is part of a total of $40 billion Ukraine is set to receive from the international community.
Talks on the country's fourth bailout in 10 years had been underway in the Ukrainian capital for days after the last aid program from April 2014 failed to stabilize Ukraine's finances as it battles pro-Russian separatists in the east.
"I am pleased to announce that the IMF team working in Kyiv has concluded a staff-level agreement with the Ukrainian government on a new economic reform program that would be supported by an extended fund facility… from the IMF," Lagarde said during the press conference in Brussels.
