Kazakhstan to launch customs monitoring to avoid circumventing Russia sanctions
Fri, 03/24/2023 - 11:15
IMF reach staff-level agreement to give Ukraine $15.6bn loan
Kazakhstan has announced that it will launch an online system that will track all goods crossing its borders from 1 April in an attempt to demonstrate that it is complying with Western sanctions on Russia.
On Tuesday (21 March) the International Monetary Fund (IMF) located in Washington D.C. announced that it had reached a staff-level agreement with Ukraine for a 48-month financing package worth about $15.6 billion. The BBC also reports that it is the first loan that the organisation has granted to a country at war. In a statement, the IMF announced that the Extended Fund Facility (EFF) "aims to support the Ukrainian authorities anchor policies that sustain fiscal, external, price and financial stability, and support the ongoing gradual economic recovery, while promoting long-term growth in the context of post-war reconstruction and Ukraine’s path to EU accession". The agreement must however still be ratified by the IMF's board, and follows months of negotiations between IMF staff and Ukrainian authorities. The executive board of the IMF is expected to discuss approval in the coming weeks.
Wed, 03/22/2023 - 07:18