By The Financial District
Mar 31, 20231 min
Ukraine’s creditors have extended a debt repayment freeze until 2027 as the war-ravaged country secured an emergency aid program under the International Monetary Fund (IMF), Bloomberg reported.
Photo Insert: The creditor plan follows an IMF staff-level agreement secured earlier this week for a $15.6 billion package.
The agreement came among other financing assurances given Thursday by the group, a key step to unlocking billions of dollars the nation needs to weather Russia’s invasion, now in its second year.
The creditor plan follows an IMF staff-level agreement secured earlier this week for a $15.6 billion package, setting up the first loan to a nation at war in the institution’s 77-year history.