Reuters reveals Ukraine aims for $15-20 billion IMF loan by year-end, central bank governor says

Reuters was first to report Ukraine aims to strike a deal for a $15-$20 billion programme with the International Monetary Fund before year-end to help shore up its war-torn economy. Battered by Russia’s invasion launched on Feb. 24, Ukraine faces a 35%-45% economic contraction in 2022 and a monthly fiscal shortfall of $5 billion, and is heavily reliant on foreign financing from its Western partners.