The International Monetary Fund's executive board confirmed Thursday that it will disburse $880 million to Ukraine in the third phase of a $15.6 billion aid package to support the country's war-torn economy.The International Monetary Fund’s executive board confirmed Thursday that it will disburse $880 million to Ukraine in the third phase of a $15.6 billion aid package to support the country’s war-torn economy.
The board’s approval comes around a month after an IMF staff visit to Ukraine found that the authorities had met most of the necessary criteria to release the money — aside from a “small miss” on tax revenues due to border blockages. “However, headwinds are re-emerging in 2024, with growth expected to soften to 3-4 percent due to uncertainty about the ongoing war and as supply constraints become more binding,” it added.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Senegal will head to the polls Sunday to vote in a tightly contested presidential race that has fired up political tensions and tested one of West Africa’s most stable democracies. The Ondo State Security Network Agency, otherwise known as Amotekun Corps, has foiled the plot by a seven-man gang of suspected criminals to rob three banks in the state during the week.