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Story summary
- The International Monetary Fund (IMF) approved an $8.1 billion loan to Ukraine with more lenient terms than previously proposed.
- The loan includes an immediate $1.5 billion disbursement and will be disbursed in tranches through 2029.
- Ukraine must pass legislation on new taxes to access future payments, formalizing its economy.
- The funding will cover two-thirds of Ukraine's military and financing needs through 2027, and Hungary has blocked a larger European loan.
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