Ukraine will likely get $2.7 billion share of IMF bounty this summer

A jogger runs past an International Monetary Fund headquarters building in Washington, D.C. on April 5, 2021. Accelerated vaccinations and a flood of government spending, especially in the United States, have boosted the outlook for the global economy, but more must be done to prevent permanent scars, the IMF said on on April 6, 2021. The IMF said it will likely allocate $650 billion in special drawing rights to member nations this summer. Ukraine’s share is $2.7 billion — or 0.42% of the total.

For the first time since the global financial crisis of 2008-2009, the International Monetary Fund is set to allocate $650 billion globally in “special drawing rights” for 190 member-nation countries, including Ukraine, whose share would be $2.7 billion.

The emergency measure is meant to help nations cope with the economic fallout of the coronavirus pandemic, which besides killing nearly 3 million people in the world, sank much of the world in recession in 2020 and raised costs for medical care.

Source: www.kyivpost.com

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