IMF Board To Meet April 30 To Review Aid Package For Ukraine
WASHINGTON (Reuters) -- The International Monetary Fund said Thursday that Ukraine's government had provided the documentation needed to show whether it had met conditions for a financial aid package and the fund's board would meet on April 30 to review and consider the matter.
The IMF tentatively agreed in late March to provide a $14 billion-$18 billion two-year bailout to help Ukraine recover from months of political and economic turmoil. The IMF board has yet to approve that package.
"We're in the process of completing the steps necessary for board consideration," IMF spokesman Gerry Rice told reporters during a weekly briefing. "Staff are checking these documents to verify the details, if they're in line with the program understanding."
The IMF's aid to Ukraine is expected to unlock additional international assistance of about $15 billion over the same two years.
The IMF board will make a final decision on the amount of aid to be delivered to Ukraine when it meets next week.
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