IMF agrees $14-18 billion bailout for Ukraine


  • World
  • Friday, 28 Mar 2014

KIEV (Reuters) - The International Monetary Fund has agreed a $14 billion (8 billion pounds)-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 three months of protests that resulted in the overthrow of pro-Russian President Viktor Yanukovich and prompted Russia to annex Ukraine's Crimea region.

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