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Reuters: IMF to discuss emergency funding to countries amid food price shocks due to war

by The Kyiv Independent news desk September 12, 2022 1:48 PM 1 min read
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According to Reuters, the plan under consideration could allow the International Monetary Fund (IMF) to draw an emergency fund for Ukraine and other countries affected by Russia's war without imposing conditions that would normally be required in a regular fund program. The plan will be discussed at an informal executive board meeting on Sept. 12, Reuters reported.

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10:35 PM

Hungary loses out on about $1 billion in EU aid.

The aid package was conditional on Hungary implementing reforms to bring the country into compliance with EU standards by the end of 2024. Budapest failed to meet the requirements, a European Commission spokesperson said.
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