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IMF staff approves USD1.7 bln loan disbursement for Ukraine

Xinhua, July 3, 2015 Adjust font size:

The International Monetary Fund ( IMF) said on Thursday that its staff has reached an agreement with the Ukrainian authorities on policies needed for the lender to disburse 1.7 billion U.S. dollars under a loan program.

The IMF said the agreement is subject to approval by IMF management and the executive board.

Last month, the IMF said in a statement that it can lend to Ukraine in accordance with its Lending-into-Arrears Policy, in the event that Ukraine can't reach debt restructuring settlement with private creditors and cannot service its debt. Endite