Ukraine received a new tranche from the IMF for $1.1 billion. Where will the funds be directed
news.online.ua
Mon, 23 Dec 2024 13:12:00 +0200
Where will the funds from the new tranche from the IRF be directedAs reported by Prime Minister of Ukraine Denys Shmyhal, these funds have already been credited to Ukraines accounts and will be used to finance critical budget needs.In total, Ukraine received 9.8 billion from the IMF under this program.What is important to know about the IMF cooperation program Extended Financing FacilityOn March 31, the IMF Executive Board approved a fouryear extended financing program under the Extended Fund Facility EFF.The Fund emphasizes that this is a loan of 15.6 billion for Ukraine.As mentioned earlier, the program consists of two parts urgent funding until the war is won and postwar reconstruction.This loan is the first large package approved by the IMF for a country at war.
Over the past year, 2023, Ukraine has already attracted about 4.5 billion of this 15.6 billion.
In May 2024, Ukraine and the IMF began negotiations on the fourth review of the Extended Fund Facility.We remind you that in June 2024, a new tranche of 2.2 billion was allocated to Ukraine.
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