Christine Lagarde
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IMF approves $17bn Ukraine bailout package

1 May 2014 Last updated at 05:03 BST

The International Monetary Fund (IMF) has approved a $17.1bn (£10.1bn) bailout for Ukraine to help the country's beleaguered economy.

The loan comes amid heightened military and political tension between Ukraine and neighbouring Russia.

The head of the IMF, Christine Lagarde, said there would be regular checks on Ukraine's progress.