October 31, 2008
The IMF has already announced tentative loan agreements with Iceland, Hungary, and Ukraine, and it is working with other countries on a similar direction. The Fund is ready to lend $2.1 billion to Iceland, $15.7 billion to Hungary, and $16.5 billion to Ukraine. These numbers are significant: they represent around 11% of GDP for Iceland and Hungary, and 8% of GDP in the case of Ukraine.
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