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 Read more
IMF has approved a $750m loan for Georgia for boosting confidence in its economy and rebuilding the currency reserves of the country. Georgia’s economy is facing some economic worries following last month’s conflict with Russia. According to some analysts, the loan would help Georgia to overcome the difficulties to attract foreign investment and selling products Read more
The International Monetary Fund (IMF) will provide $750 loan to Georgia in an effort to rebuild its economy after the recent war with Russia. Georgia’s economy has gravely suffered after the recent war, key infrastructure including roads and ports have been destroyed by the Russian bombing during the war. The US Secretary of State Condoleeza Read more