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IMF approves program for Ukraine to help promote donor financing

13 Sept 11:45 Key points summarised by AI

The IMF approved a four-month Program Monitoring with Board involvement (PMB) for Ukraine, designed to maintain economic stability following Russia’s invasion.
This program is crucial for catalyzing external financing from donor nations, as Ukraine is estimated to need $40 billion to $57 billion in external funding for 2023.
Ukraine has committed to implement measures such as strengthening tax revenues, reviving its domestic debt market, and undertaking financial sector reforms.
The PMB also seeks to promote transparency and preserve gains in governance and anti-corruption, potentially paving the way for a future full-fledged IMF-supported program.

Today 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.