Ukraine secures new tentative $3.9bn IMF deal

The International Monetary Fund announced it reached a preliminary agreement on on a new $3.9 billion aid package for Ukraine, the Financial Times reports. Ukraine’s current $17.5 billion IMF aid package expires next March and has been frozen since 2017. To get the IMF to approve new funding, the Ukrainian government took the unpopular step of raising household gas tariffs by 23.5 percent. The new 14-month aid package is supposed to assist Kiev in 2019, a year in which Ukraine will have presidential and parliamentary elections and will likely have to deal with peaking foreign debt payments and continued Russian aggression.

 

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