IMF says board approves $1 bln loan payout to Ukraine

The International Monetary Fund said on Monday its executive board approved another $1 billion loan payment to Ukraine, bringing total disbursements to about $8.38 billion under the $17.5 billion bailout program.

IMF First Deputy Managing Director David Lipton said Ukraine's economy was showing signs of improvement, with lower inflation and a doubling of international reserves.

"To achieve faster, sustainable growth, needed to lift incomes and enable Ukraine to catch up with its regional peers, structural reforms to improve the business environment and attract investment need to be accelerated," Lipton said in a statement.

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