The IMF approved another tranche for Ukraine for $900 million – Kommersant
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The International Monetary Fund (IMF) has approved a tranche for Ukraine in the amount equivalent to $900 million. The decision was made following a review of the expanded agreement under the Extended Financing Facility for Ukraine. The money will be used for budget support.
“The authorities have made significant progress in meeting their commitments under the Extended Funding Facility in a challenging environment. <...> The Ukrainian economy continues to demonstrate remarkable resilience, although the outlook remains subject to exceptional war-related uncertainty,” the statement reads. message IMF.
IMF and Ukraine reached preliminary agreement on a $900 million tranche about a month ago. Fund evaluates Kyiv’s needs for external financing in 2024 amount to $42 billion.
In March 2023, the IMF approved a loan to Ukraine in the amount of $15.6 billion for four years. Kyiv must comply with the requirements outlined by the fund. The first tranche, for $2.7 billion, arrived in April, the second, for $890 million rubles, in June.
About the IMF program – in the material “Kommersant” “War is war, but reforms are on schedule”.
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