IMF agrees $14-18 billion bailout for Ukraine


  • World
  • Thursday, 27 Mar 2014

People hold a huge flag depicting multiple flag colours during an anti-war rally at Independence Square in Kiev March 23, 2014. REUTERS/Gleb Garanich

KIEV (Reuters) - The International Monetary Fund has agreed a $14-18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion.

The agreement, announced on Thursday, is intended to help the heavily-indebted ex-Soviet republic stabilise its economy after anti-government protests which resulted in the overthrow of President Viktor Yanukovich and a standoff with Moscow in which Russia annexed the Crimea region.

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