The Executive Board of the International Monetary Fund (IMF) last night approved a Stand-By Arrangement (SBA) of about USD 16.4bn (SDR 11bn) to help the Ukrainian authorities "restore financial and economic stability and strengthen confidence" - according to the IMF. The SBA gives Ukraine access to IMF resources corresponding to 8 times the country's quota at the IMF.
Flash Comment
Ukraine: IMF approves USD 16.4bn stand-by arrangement
Thu, Nov 6 2008, 13:51 GMT
by
Lars Rasmussen
- Danske Bank A/S
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