International Monetary Fund approves $1.4 billion in aid for Ukraine

The International Monetary Fund board approves $1.4 billion in emergency financing for Ukraine to help the country deal with the “massive humanitarian and economic crisis” caused by the Russian invasion.

IMF Managing Director Kristalina Georgieva says the package provides “critical financial support” which in turn will catalyze a “large-scale mobilization” of funding needed to “mitigate the economic impacts of the war.”

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