IMF approves third tranche of $16.4 bln loan for Ukraine

The International Monetary Fund has approved a third tranche worth $3.3 billion of a stabilization loan for Ukraine.

KIEV, July 29 (RIA Novosti) - The International Monetary Fund has approved a third tranche worth $3.3 billion of a stabilization loan for Ukraine.

The IMF approved the $16.4 billion loan for Ukraine in November 2008.

Ukraine has already received two tranches of $4.5 billion and $2.8 billion as part of a stabilization loan program provided by the IMF to stabilize its economy, which had been seriously hurt by the current economic meltdown.