The International Monetary Fund has granted Ukraine a new $17.5 billion bailout deal to help support economic reforms.

With the help from other lenders, including Europe and the US, the deal could climb to around $40 billion over the next four years.

Ukraine has so far received $4.6 billion as part of a $17 billion aid package from the IMF agreed on last year, but the programme ran into trouble as the war ravaging the country’s eastern region weighed on its economic prospects.

Facing bankruptcy, Ukraine last month asked the IMF to replace its programme with a new one to restore confidence in its finances.

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