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Reuters
Reuters
Business
By David Lawder

DARK SECRETS: Imf approves rule change that would allow ukraine loan program | Vintage Vibes

FILE PHOTO: The International Monetary Fund (IMF) logo in Washington, United States, September 4, 2018. REUTERS/Yuri Gripas

The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing "exceptionally high uncertainty" - a move expected to pave the way for a new Ukraine loan program.

The changes to the IMF's financing assurances policy would apply to countries experiencing "exogenous shocks that are beyond the control of country authorities and the reach of their economic policies," the IMF said in a statement.

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