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IMF Approves $1.1 Billion Loan For Ukraine, Citing Resilience Amid Ongoing War
IMF Approves $1.1 Billion Loan For Ukraine, Citing Resilience Amid Ongoing War. The International Monetary Fund (IMF) has approved a $1.1 billion loan disbursement for Ukraine, aimed at providing budgetary support to the war-stricken nation.....KINDLY READ THE FULL STORY HERE▶
This latest payout is part of a larger four-year, $15.5 billion support program that began in March. With this disbursement, the total financial aid released to Ukraine under the program has reached $8.7 billion.
IMF Managing Director Kristalina Georgieva acknowledged the severe social and economic toll Russia’s war has imposed on Ukraine. Despite these challenges, she praised Ukraine’s authorities for maintaining economic and financial stability through effective policy measures and substantial international aid. The country’s economy showed resilience, even with significant damage to its energy infrastructure.
The IMF noted that Ukraine met all relevant benchmarks, including reforms in taxation, public sector companies, and customs regulations. However, it warned that the economic outlook remains uncertain due to continuous Russian attacks on energy infrastructure and ongoing war-related uncertainties, potentially affecting projections through the end of 2025.
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ADC Crisis Deepens As Court Adjourns Ireti Kingibe Case To June
The Federal High Court in Abuja has adjourned proceedings in a suit challenging the membership status of Senator Ireti Kingibe within the African Democratic Congress (ADC).....KINDLY READ THE FULL STORY HERE▶
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“I Was Misled!” – Nafiu Bala Claims He Was Deceived Into ADC Handover Event.
A new dimension has been added to the leadership crisis within the African Democratic Congress (ADC), as factional figure Nafiu Bala has accused former party national chairman Ralph Nwosu of allegedly deceiving him into attending a major party gathering.....KINDLY READ THE FULL STORY HERE▶
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Shock Defection: Senator Abbo Dumps ADC In Sudden Political Move.
Former federal lawmaker, Ishaku Abbo, has officially left the African Democratic Congress (ADC) and is expected to announce his new political platform later this week.....KINDLY READ THE FULL STORY HERE▶
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