WASHINGTON, March 9 (Reuters) – The International Monetary Fund (IMF) on Wednesday approved $1.4 billion in emergency financing for Ukraine to help the country meet urgent spending and ease the crisis. economic impact of the military invasion of Russia.
The IMF said the Ukrainian authorities had canceled an existing Standby Credit Facility (SCF) arrangement, but would work with the Fund to design an appropriate economic program focused on rehabilitation and growth when conditions allow. (Report Andrea Shalal and David Lawder; French version Camille Raynaud)