A $5B IMF loan will help Ukraine to attract new financial aid.

A $5B loan from the International Monetary Fund will help convince foreign creditors that Ukraine’s macroeconomic situation is under control, said the adviser to the President of Ukraine, Oleg Ustenko. According to Ustenko, the new IMF financing will signal stability and conditions suitable for a larger $15-$20B package of financial assistance. In addition, it will help Ukraine survive the economic crisis caused by Russia’s invasion. He also noted that Ukrainian officials are in touch with a global lender regarding a potential larger package, adding that the goal should be to move forward as quickly as possible.