Ukraine receives an IMF tranche of almost $900 million
Ukraine's Prime Minister Denys Shmyhal (Vitalii Nosach, RBC-Ukraine)
Ukraine has received another tranche under the International Monetary Fund program, totaling nearly $900 million. The funds will go into the country's budget, according Prime Minister Denys Shmyhal.
"Ukraine has received around 900 million dollars in its accounts from the IMF. These funds will be used to finance priority budget expenditures," he wrote.
The Prime Minister expressed gratitude to IMF Managing Director Kristalina Georgieva and IMF staff "for the quick decisions in favour of Ukraine and the high appreciation of Ukraine’s efforts for reforms."
IMF tranche
On December 11, the IMF Board of Directors approved the second review of the EFF program with Ukraine and allocated a tranche of $900 million for the program covering 2023-2027, totaling $15.6 billion.
The IMF also released an updated memorandum containing voluntary commitments from the country's government to take specific steps.
The memorandum with the IMF was signed by Ukrainian President Volodymyr Zelenskyy, Prime Minister Denis Shmyhal, Finance Minister Serhii Marchenko, and NBU Governor Andrii Pysar.
For more details on the IMF decision, please refer to RBC-Ukraine's article "Tranche, reforms, and new conditions: Ukraine-IMF agreements for 2024."
