Jan 26, 2023
The International Monetary Fund is now reportedly talking about a fresh multiyear package to help cover Ukraine's budget and for war recovery totaling as much as a whopping $16 billion. Citing officials privy to IMF deliberations, Bloomberg details that "If approved, the three- to four-year program - worth $14 billion to $16 billion total - will assume a disbursement of $5 billion to $7 billion in the first year. The plan could be finalized by the end of March, with a first tranche payment released as early as April. However, the IMF has pointed to a number of conditions which must be met, such as G7 endorsement for the package, and other donors coming forward to vouch for sustaining the country's immense and growing debt. An official IMF statement only indicated it "remains closely engaged" with Ukraine and said cooperation "could pave the way toward a fully fledged program" - but the fund didn't confirm to Bloomberg the potential size of the lo