Ukraine and the International Monetary Fund (IMF) have agreed on terms of a loan aimed to maintain economic stability in the country amid the global financial turmoil, according to reports.

"Ukraine reached an agreement with the IMF mission on aspects of the economic program, which, provided it is approved by the IMF Board of Governors, will allow Kiev to receive an IMF loan," Interfax quoted the Ukrainian Finance Ministry as saying.

The IMF loan will depend on "a number of economic policy measures aimed at adjusting the balance of payments given the changed situation on international markets," said the ministry.

Prime Minister Yulia Timoshenko has expected for an IMF loan varying from US$3 billion and US$14 billion to stabilize the country's financial system.

The Ukrainian parliament will vote on a package of anti-crisis laws on Tuesday, which will pave way for the allocation of international financial aid.