International Monetary Fund approves $2.2 billion tranche for Ukraine
Illustrative photo: IMF approves $2.2 billion tranche for Ukraine (Getty Images)
Ukraine will soon receive another tranche of $2.2 billion from the International Monetary Fund, according to the IMF press service.
According to the Ministry, the IMF Executive Board has completed the fourth review of the extended arrangement under the Extended Fund Facility program for Ukraine. This made it possible to allocate about $2.2 billion to Ukraine, which will be used for budget support.
"Ukraine’s performance remains strong under the EFF despite challenging conditions. All quantitative performance criteria for end-March were met, and all structural benchmarks through end-June were implemented on time or with a short delay," the IMF said.
According to the Fund, even though the outlook remains extremely uncertain, the Ukrainian economy continues to be resilient.
What preceded it
Today, Ukraine's Finance Minister Sergii Marchenko said that the IMF Executive Board may approve the fourth review of the program with Ukraine.
Later, Prime Minister Denys Shmyhal clarified that if approved, Ukraine would receive the tranche at the beginning of next week.
