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IMF to consider allocating nearly $900 million to Ukraine in March

IMF to consider allocating nearly $900 million to Ukraine in March The IMF will consider a new aid package for Ukraine in March (photo: Getty Images)

The Executive Board of the International Monetary Fund intends to consider an agreement with Ukraine in the second half of March regarding the disbursement of a tranche of $880 million, according to a briefing by IMF spokesperson Julie Kozack.

"So in terms of the board date, the board consideration of the latest review is expected in the second half of March," the IMF spokesperson said.

She added that the funds for the Ukrainian government would be provided under the Extended Fund Facility.

What preceded this

On December 11, 2023, the IMF Board of Directors approved the second review of the IMF program for Ukraine and allocated a tranche of $900 million under the program for 2023-2027.

The Fund also published an updated memorandum containing voluntary commitments by the country's government to take certain steps.

It was also reported that negotiations between the IMF mission and representatives of Ukraine took place in Warsaw from February 17 to 22. The parties discussed extended funding of around $900 million.

For more details on the negotiations with the IMF, read the article by RBC-Ukraine.