WASHINGTON, on Oct. 18—The International Monetary Fund and Ukraine announced an agreement on Monday that could pave the way for Kyiv to receive a $700 million disbursement and secure an extension to its $5 billion loan program through to June.
Ukraine had secured a stand–by loan deal last year as the country, one of Europe’s poorest, tumbled into recession due to the coronavirus pandemic. But loan disbursal stalled over concerns about reforms and the independence of the central bank.
