Ukraine and IMF's Renewed Cooperation on $8.2 Billion Lending Programme

Ukraine and the International Monetary Fund have sought to ease terms for an $8.2 billion lending programme. Prime Minister Yulia Svyrydenko announced this, highlighting the IMF board's upcoming review. The program is pivotal for securing further international aid, including significant EU loans.

Ukraine's government, in collaboration with the International Monetary Fund (IMF), is working to ease conditions for a new $8.2 billion lending programme. This development was announced by Prime Minister Yulia Svyrydenko on Saturday, indicating positive movement for Ukraine amidst challenging financial times.

Prime Minister Svyrydenko noted that the IMF's board is expected to review the program's terms at its next meeting. This approval is crucial for Ukraine as it forms the financial linchpin for acquiring further international assistance.

The lending programme serves as a key foundation for additional international financial aid, including a substantial 90 billion euro ($106.80 billion) loan from the European Union. This collaboration underscores the importance of global financial partnerships in supporting Ukraine's economic resilience.

(With inputs from agencies.)