IMF board approves $15.6 bln loan for Ukraine -source

The executive board of the International Monetary Fund on Friday approved a four-year $15.6 billion financing package for Ukraine to help the country meet urgent funding needs as it continues to defend against Russia's invasion, a source told Reuters.

The loan is Ukraine's biggest since Russia's full-scale invasion on Feb. 24, 2022, and the first major package approved by the IMF to a country involved in an active conflict.