News

IMF agreed on a $1.1 billion tranche for Ukraine

Author:
Oleksandra Opanasenko
Date:

The Executive Board of the International Monetary Fund (IMF) approved the fifth revision of the Extended Fund Facility (EFF) for Ukraine.

This was reported by IMF.

Therefore, Ukraine will receive another tranche of almost $1.1 billion. The money will go to the state budget and help Ukraine finance critical expenses, social assistance, salaries of doctors, teachers, etc.

Ukraineʼs economy remains stable, and the EFF indicators are high, despite difficult conditions. IMF notes that Ukraine managed to fulfill all quantitative performance criteria at the end of June and four structural benchmarks.

Therefore, financial assistance will help preserve the development of reforms and contribute to macroeconomic stability. At the same time, Ukraineʼs financing needs remain high due to the ongoing war.

For more news and in-depth stories from Ukraine please follow us on X.