To bolster Ukraine economy, which has shaken enough due to global financial turmoil, The International Monetary Fund (IMF) has approved a $ 16.4bn loan.
IMF announced that $4.5bn would be immediately available as part of the two-year package.
Banking recapitalization, fiscal and incomes policy adjustments, and monetary and exchange rate policy shifts have been included in that plan.
The IMF has also agreed to provide loans to several nations to make them out of economic woes, as Iceland and Hungary have reached agreement with the IMF on loan deals.
