IMF Board approves $15.6 billion support package for Ukraine

Presidential Leadership Council reviews national, regional developments

The Presidential Leadership Council (PLC) held a meeting Today, Thursday, presided over by His Excellency President Dr. Rashad al-Alimi, Chairman of the Council, with the presence of its members Aidarous al-Zubaidi, Dr. Abdullah al-Alimi, Othman Mujalli and via video conference Tariq Saleh and Abdul Rahman al-Mahrami, while Council members Sultan al-Aradah and Faraj al-Bahsani were absent with excuse.

Bulgaria, Romania, Austria to sign declaration supporting Bulgaria's accession to Schengen by land

Bulgaria’s Caretaker Prime Minister has said that on Friday, November 22, the interior ministers of Bulgaria, Romania and Austria will sign a declaration supporting the full membership of Bulgaria to the Schengen Zone.

S. Korea's exports rise up 5.8 percent

South Korea's exports rose 5.8 percent year-on-year in the first 20 days of November, driven by strong global demand for semiconductors and ships.

Portugal beats Poland 5-1 qualifying for knockout stages of UEFA Nations League

Portugal qualified for the knockout stages after of UEFA National League after defeating Poland 5-1.

Last Update: ، 2024/11/21 Time 11:58:21
Latest News:

Al-Zubaidi: Australia's designation Houthis, terrorist group supports international unity against terrorism

Al-Aradah discusses military developments with advisor of UN envoy for Yemen

CBY Deputy Governor discusses economic, financial developments with Chinese diplomat

Yemen signs an agreement with Arab League to organize goods transport on highways

PM receives Chinese Chargé d'Affaires to Yemen

IMF Board approves $15.6 billion support package for Ukraine

[01/04/2023 01:28]

WASHINGTON - SABA
The International Monetary Fund Executive Board announced that it has approved a new 48-month extended arrangement under the Extended Fund Facility (EFF) of SDR 11.6 billion (about US$15.6 billion) as part of a US$115 billion total support package for Ukraine.

The IFM's decision allows the immediate disbursement of around SDR 2 billion (or US$2.7 billion).

This is the largest amount has been approved for Ukraine since the Russian-Ukrainian war broke out on 24 February 2022.

The approval of the EFF is expected to mobilize large-scale concessional financing from Ukraine’s international donors and partners, to help resolve Ukraine’s balance of payments problem.