International Monetary Fund approves $880 million tranche for Ukraine

This was announced during a press conference in Washington, D.C., by IMF mission chief Gavin Gray, Ukrinform reports.

"The IMF Executive Board has completed the third review of the EFF program for Ukraine today. This will allocate a tranche of about $880 million," Gray said.

According to him, together with the previous tranches, Ukraine will receive $5.4 billion under the program.

He added that Ukraine could receive a new funding package in the next two to three days.

The IMF representative emphasized that the Ukrainian side had met all the quantitative performance criteria and benchmarks set out in the review, except for one.

Gray noted that the Ukrainian economy demonstrated extraordinary resilience in 2023 despite martial law, although certain war-related challenges remain.

The Fund emphasized the need for Ukraine to maintain a steady reform impulse to preserve macroeconomic stability, restore fiscal and debt sustainability, strengthen institutional reforms, and lay the groundwork for reconstruction efforts and European integration.

• On February 12, Prime Minister of Ukraine Denys Shmyhal met with IMF representatives who arrived in Kyiv to discuss the implementation of reforms and financing of Ukraine in 2024.