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Ukraine and the IMF may sign an agreement on a $900 million tranche

Feb 21, 2024

Ukraine and the International Monetary Fund are close to paying $900 million amid the suspension of US aid.

Image

This was reported by RBC-Ukraine regarding Bloomberg.

According to the publication, representatives of Ukraine and the IMF expect to reach an agreement with the staff this Thursday. However, the agreement still needs to be ratified by the IMF Executive Board.

The payment will be a backup plan in case the United States fails to assist. It will be the first of four that Ukraine expects this year, totaling $5.4 billion.

It is worth noting that this is the first time the IMF has lent to a country at war.

Author - Serhii Kolomiets, 22/02/2024

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