The International Monetary Fund said Saturday it had reached a "staff-level" agreement with Ukraine on a new $5.5 billion, three-year aid program for the war-scarred country.
IMF Managing Director Kristalina Georgieva said she was "pleased to note that IMF staff has reached agreement with the authorities" on the deal, adding it was "subject to IMF management approval."
Georgieva said she spoke by telephone on Saturday to President Volodymyr Zelensky and commended him on "impressive progress" on reforms and "sound economic policies."
She added that it was "paramount to safeguard the gains made in cleaning up the banking system and recover the large costs to the taxpayers from bank resolutions."
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