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Reuters
Reuters
Business
By Andrea Shalal

IMF's board seen backing 'food shock window,' aiding Ukraine and others

FILE PHOTO: Labourers offload bags of grains as part of relief food that was sent from Ukraine at the World Food Program (WFP) warehouse in Adama town, Ethiopia, September 8, 2022. REUTERS/Tiksa Negeri

The International Monetary Fund's board is expected to approve a new "food shock window" in the next few weeks that will allow the global lender to provide emergency funding to Ukraine, the head of the fund's European department said on Thursday.

Alfred Kammer told a conference hosted by Bloomberg that the Ukrainian government and its central bank deserved "huge credit" for managing the economic shocks caused by Russia's invasion of the country on Feb. 24.

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