IMF approves rule change that would allow new Ukraine loan program


FILE PHOTO: The International Monetary Fund (IMF) logo in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas

WASHINGTON (Reuters) -The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing "exceptionally high uncertainty" - a move expected to pave the way for a new Ukraine loan program.

The changes to the IMF's financing assurances policy would apply to countries experiencing "exogenous shocks that are beyond the control of country authorities and the reach of their economic policies," the IMF said in a statement.

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