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Ukraine, IMF Begin Loan Talks as Country’s Economic Woes Deepen
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The International Monetary Fund has started negotiating with Ukrainian officials to put together what could be its largest loan package for the country since Russia’s invasion as the prolonged war deepens its economic woes.
The Ukrainian government is seeking a loan that is far larger than the $2.7 billion the multilateral lender has provided through two emergency loans since last March, according to people familiar with the situation. Ukraine has argued that IMF involvement is crucial to reassure other foreign backers that its economic policies and its financial data are sound.
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