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IMF Approves $17 Billion Loan Package for Ukraine

The International Monetary Fund has approved a two-year, $17 billion aid program for cash-strapped Ukraine, as the Kyiv government struggles to maintain political stability in eastern regions near the Russian border. The IMF's executive board approval, announced Wednesday, clears the way for the immediate disbursement of $3.2 billion needed to prevent Kyiv from debt default as it teeters on the brink of bankruptcy. The loan package also paves the way for Ukraine to receive an...

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