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Imf Loan

All articles tagged with #imf loan

Putin's plan to move tactical nukes to Belarus sparks outrage and raises concerns.
international-relations2 years ago

Putin's plan to move tactical nukes to Belarus sparks outrage and raises concerns.

Russian President Vladimir Putin announced plans to station tactical nuclear weapons in Belarus, a Kremlin-ally wedged between the two warring countries that has served as a launch pad for Russian attacks on Ukraine. Ukraine has been pushing for phone talks with Chinese leader Xi Jinping, who met with Putin in Moscow last week. The International Monetary Fund staff agreed with Ukraine on a $15.6 billion financing package, which would be Ukraine's biggest loan since Russia invaded a year ago. Russian drone strikes hit the Kyiv region, including an educational facility, killing at least four people and injuring 20.

Russian Drones Strike Ukraine and Russia in Deadly Attacks.
conflict2 years ago

Russian Drones Strike Ukraine and Russia in Deadly Attacks.

Russia launched exploding drones that killed at least four people at a student dormitory near Kyiv before dawn Wednesday, just hours after Japan’s prime minister left the Ukrainian capital following a show of support for the country. The same day, Chinese leader Xi Jinping left Moscow after discussing his proposal for ending the war, which has been rejected by the West as a non-starter. Ukraine's finance ministry said it has agreed with the International Monetary Fund on a $15.6 billion loan package aimed at shoring up Kyiv’s finances.

IMF grants Sri Lanka $3 billion bailout for struggling economy.
economy2 years ago

IMF grants Sri Lanka $3 billion bailout for struggling economy.

Sri Lanka has secured a $3 billion loan from the International Monetary Fund (IMF) to restore macroeconomic stability and debt sustainability, and unlock the country's growth potential. The loan will be provided through the IMF's Extended Fund Facility (EFF), with an initial disbursement of $333 million. Sri Lanka has been facing its worst financial crisis in decades, with food, fuel, and medicine shortages causing unrest and protests. The loan will provide much-needed respite for the nation as it faces an uphill climb to revive its flailing economy.