ua en ru

IMF mission starts its work: What tranche of loan can Ukraine receive?

IMF mission starts its work: What tranche of loan can Ukraine receive? The IMF loan in June 2024 may amount to $2.2 billion (Getty Images)
Author: Maria Kholina

A delegation from the National Bank of Ukraine (NBU), led by NBU Governor Andrii Pyshnyi, has departed for Warsaw, where the International Monetary Fund (IMF) Mission will commence work on May 27, citing the NBU.

According to the press service, the Ukrainian delegation will arrive in Warsaw for negotiations.

"If the fourth review of the program is successfully completed, Ukraine could receive the next tranche of more than $2.2 billion, bringing the total amount of funding received to $7.6 billion," the statement said.

Last week in Kyiv, an IMF team led by IMF European Department Director Alfred Kammer was working. Discussions focused on the risks facing Ukraine's economy and the government's economic policy objectives.

IMF program

Ukraine's agreement with the IMF on an Extended Fund Facility (EFF) program worth $15.6 billion was approved in March 2023. Under the program, four tranches totaling approximately $5.4 billion have already been received, including $880 million in March.

The program also secured political commitments from partners to allocate $122 billion by 2027.

The IMF hopes that the agreement on the fourth review could be submitted for approval by the Board of Directors by the end of June. In 2024, Ukraine is expected to receive about $5.4 billion.