IMF approves financial aid for Ukraine

4,700 views · Published 28 March 2014 · 1:57 · Indexed 28 October 2026

Channel: Al Jazeera English · 2014 · News & Politics

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The International Monetary Fund has agreed to a multibillion dollar loan for Ukraine's struggling economy. 

And the US Congress also passed a bill which guarantees a $1 billion dollar loan for the government in Kiev. 

The outside money is critical to keep the nearly-bankrupt government afloat.

Al Jazeera's Nick Spicer reports from Simferopol.

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