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Thursday, 27 March 2014 | MYT 4:20 PM

IMF says agreed $14-18 billion stand-by loan agreement for Ukraine

KIEV (Reuters) - The International Monetary Fund said on Thursday it had agreed a $14 (£8.45 billion) -18 billion (£10.86 billion) stand-by agreement with Ukraine, a deal that will unlock further credits to reach a total of $27 billion over the next two years.

"The mission has reached a staff-level agreement with the authorities of Ukraine on an economic reform programme that can be supported by a two-year Stand-By Arrangement (SBA) with the IMF," the IMF said in a statement.

(writing by Elizabeth Piper, editing by Steve Gutterman)


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