KYIV, Dec 16 – The International Financial Corporation (IFC) has announced a new $2 billion bailout package to help boost the vitality of the Ukrainian private sector and support the well-being of Ukrainians in response to Russia's invasion of the country.

"The $2 billion response package includes $1 billion from IFC's own account, as well as additional funding that depends on guarantees from donor governments," the IFC said on Friday.