IMF approves US$17.6bn EFF

Макроэкономика 13.02.2015 The IMF announced yesterday early morning that it would issue to Ukraine nearly US$18bn in an Extended Fund Facility (EFF) and will likely approve the first tranche of US$5bn later in February or early March. As a pre-condition, Ukraine's government is required to raise the natural gas tariff and revise its state budget to cut expenditures, or funding will be denied.