US welcomes approval of new IMF programme for Ukraine

The United States welcomes the approval by the International Monetary Fund (IMF) board of a new four-year 17.5 billion-dollar Extended Fund Facility (EFF) for Ukraine, the White House said.
"The EFF, which is underpinned by an ambitious series of economic reforms, underscores both the commitment of the Ukrainian government and central bank to take the steps needed to lay a foundation for robust growth, and the commitment of the international community to provide financing to help stabilize Ukraine's economy as it implements these reforms," said the White House in a statement released late on Wednesday.
"The United States is working alongside international partners to provide Ukraine with the financial support it needs as it continues to take steps that will transform the Ukrainian economy and strengthen its democracy."