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

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.