Ukraine Creditors Extend Payment Freeze To 2027

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.

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