The International Monetary Fund (IMF) announced on Thursday that it has reached a staff-level agreement with Ukrainian authorities on the eighth review of Ukraine’s ongoing $15.5 billion Extended Fund Facility (EFF).
According to an official statement from the IMF, the agreement—pending approval by the IMF Executive Board—would unlock approximately $500 million (equivalent to SDR 0.37 billion) in additional funding for Ukraine.
The EFF arrangement, launched in 2023, spans four years and is intended to support Ukraine’s macroeconomic stability, structural reforms, and post-war economic recovery amid the ongoing conflict with Russia.
Approval by the Executive Board will bring Ukraine closer to meeting its fiscal needs and reinforce investor confidence as the country continues to implement economic policies under challenging wartime conditions.
Further details on the review and disbursement timeline are expected following the Executive Board’s formal deliberations.
In a significant shift in its foreign policy, China has unveiled a new policy paper promising no-strings-attached development support to Latin America...
A Venezuelan-linked tanker recently seized by the United States is now expected to sail to a U.S. port, where its cargo of crude oil could be retained...
As the world marks the tenth anniversary of the Paris Agreement, the progress in combating climate change is mixed....
A new proposal in the U.S. Congress aims to remove decades-old restrictions on American assistance to Azerbaijan, reopening a sensitive debate that ha...
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, bloc...
A Venezuelan-linked tanker recently seized by the United States is now expected to sail to a U.S. port, where its cargo of crude oil could be retained, officials said.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Ukraine has handed the United States a revised 20-point peace proposal aimed at ending the war with Russia, a Ukrainian official said on Thursday, 11 December.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
German Chancellor Friedrich Merz congratulated Azerbaijan and Armenia on their recent peace deal which he said opened an "historic opportunity" for the region.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
Pakistan has indicated its openness to forming a regional bloc with Bangladesh without including India. The statement from Islamabad follows comments by Bangladesh’s top foreign affairs adviser, Md Touhid Hossain, that such an arrangement is strategically possible without India.
In a significant shift in its foreign policy, China has unveiled a new policy paper promising no-strings-attached development support to Latin America and the Caribbean, signalling a major upgrade in its engagement with the region.
A Venezuelan-linked tanker recently seized by the United States is now expected to sail to a U.S. port, where its cargo of crude oil could be retained, officials said.
A new proposal in the U.S. Congress aims to remove decades-old restrictions on American assistance to Azerbaijan, reopening a sensitive debate that has shaped Washington’s role in the region for more than thirty years.
China's commerce ministry said negotiations with the European Union over a minimum price plan for China-made electric vehicles (EVs)have restarted and would continue into next week, while urging the bloc not to talk independently with manufacturers.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment