IMF creates account for direct donor assistance to Ukraine

The Executive Board of the International Monetary Fund (IMF) approved on Friday the creation of a managed account for donor assistance to Ukraine, Report informs citing TASS.

"The Executive Board, at the request of several IMF member countries, today approved the creation of a managed account for Ukraine, which provides donors with a reliable tool for providing direct financial assistance to Ukraine," the document says.

"The managed account is intended to direct donor funds in the form of grants and loans to assist Ukraine in maintaining the balance of payments and budgetary needs, as well as assisting in stabilizing the economy," the IMF adds.