According to the ministry, the IMF Executive Board has approved a four-year program of extended financing worth $17.5 billion, which was coordinated with the Ukrainian government.
"Out of the overall sum of $17.5 billion, Ukraine will receive 10 billion during the first year. It will help promptly stabilize the macroeconomic situation and resume economic growth beginning from 2016," the ministry said.
The IMF loan, according to the Ukrainian finance ministry, will help increase reserves of Ukraine’s National Bank, to strengthen measures taken by the government to stabilize the country’s balance of payments and prevent capital outflow.
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