Ukraine aims for $15-20bn IMF loan by year-end: Central bank governor

Ukraine aims to strike a deal for a $15-20bn programme with the International Monetary Fund (IMF) before year-end to help shore up its war-torn economy, the country’s central bank Governor Kyrylo Shevchenko has told the Reuters news agency.

Ukraine faces a 35-45 percent economic contraction in 2022 and a monthly fiscal shortfall of $5bn and is heavily reliant on foreign financing from its Western partners. A $20bn program would be the second-largest currently active loan from the IMF after Argentina.