Lithuania joins $15.6 billion IMF program to help Ukraine

To do this, the country needs to submit an application to the IMF confirming the provision of financial guarantees to the fund, Lithuanian publication LRT writes, citing the country's Ministry of Finance.

This political statement, which confirms the readiness of countries to continue supporting Ukraine, was made by the G7 countries and Spain in addition to Lithuania. Austria, Belgium, Poland and the Netherlands are still considering this issue.

"Lithuania has consistently supported Ukraine in various international formats. The financial guarantees that will allow the approval of a large-scale IMF program for Ukraine in the near future are another manifestation of the strong support of Western partners," the statement said.

• On February 22, it was reported that the IMF announced its readiness to provide significant economic support to Ukraine as part of a new full-fledged loan program.

• On February 23, Bloomberg, citing its sources, wrote that the G7 countries would help Ukraine receive a $16 billion loan from the IMF.

• On March 7, on the eve of the negotiation mission on extended financing, the Prime Minister of Ukraine discussed the new financing program with the director of the IMF's European Department.

• March 21, Ukraine agreed with the International Monetary Fund on a four-year financing package worth about $15.6 billion.