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Espreso Global aid to Ukraine Ukraine receives about $1.1 billion from IMF: planned uses for funds

Ukraine receives about $1.1 billion from IMF: planned uses for funds

23 October, 2024 Wednesday

16:54

About $1.1 billion from the International Monetary Fund (IMF) has already been transferred to the Ukrainian budget

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Ukraine's Prime Minister Denys Shmyhal announced the information.

According to him, the funds will be used to cover important non-military budget expenditures.

Shmyhal reminded that Ukraine received this tranche following the successful fifth review of the Extended Fund Facility (EFF) program, which is valued at $15.6 billion.

“We are grateful to the Fund for its consistent support of Ukraine. We are already starting to work together on the next revision of the program,” the Prime Minister emphasized.

On October 18, Shmyhal announced that the Executive Board of the International Monetary Fund had approved the fifth review of the EFF program, which will allow Ukraine to receive a new tranche of about $1.1 billion.

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