Question
The International Monetary Fund (IMF) has approved
$_____ billion in emergency support for Ukraine to finance expenditures and shore up the balance of payments.Solution
The International Monetary Fund (IMF) has approved $1.4 billion in emergency support for Ukraine to finance expenditures and shore up the balance of payments. The disbursement under the IMF’s Rapid Financing Instrument (RFI), equivalent to 50% of Ukraine’s quota in the IMF. It will help fund urgent spending needs in the short term, while helping to catalyze financing from other partners.
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