The IMF approves a $2.2 billion tranche for Ukraine

Ukraine will soon receive another tranche of $2.2 billion from the International Monetary Fund.

This was reported by RBC-Ukraine with reference to the IMF press service.

According to the agency, the IMF Board of Directors has completed the fourth review of the Extended Fund Facility program under the Extended Fund Facility for Ukraine. This made it possible to allocate about $2.2 billion to Ukraine, which will be used for budget support.

"Despite the difficult conditions, Ukraine's performance under the EFF program remains high. All quantitative performance criteria as of the end of March were met, and all structural benchmarks as of the end of June were met on time or with a slight delay," the IMF said.

The Fund noted that despite the fact that the outlook remains extremely uncertain, the Ukrainian economy continues to be resilient.

Author - Serhii Kolomiets, 29/06/2024