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IMF Signs Off on $17.5 Billion Ukraine Aid Program

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The board of the International Monetary Fund signed off on a $17.5 billion four year aid program for Ukraine on Wednesday.

Details on the initial payment or the schedule of the loan were not released, but the program marks the second attempt in less than a year to pull Ukraine back from bankruptcy.

The program is additionally expected to unlock credit from other donors.

According to the IMF, the total package of assistance to Ukraine, including debt talks with Kiev’s bondholders, could reach $40 billion. 

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