01.03.2025 11:40
The International Monetary Fund (IMF) is creating a financial package of 400 million dollars to provide financial support to Ukraine. This package will help ensure Ukraine's economic stability and strengthen the country's financial infrastructure. The IMF's move is seen as a significant step towards improving Ukraine's financial situation.
The International Monetary Fund (IMF) and the Ukrainian government have reached a staff-level agreement for a payment of approximately $400 million, completing the seventh review of a four-year financing program worth $15.5 billion.
TOTAL PAYMENTS REACHED $10.1 BILLION
Following the approval of this agreement by the IMF Executive Directors Board, Ukraine will gain access to approximately $400 million in additional financing. With this latest payment, total payments to Ukraine under the program will have reached $10.1 billion.
ECONOMIC IMPACTS OF THE WAR CONTINUE
The ongoing war continues to cause severe damage to the Ukrainian people, economy, and infrastructure. Despite these challenging conditions, the program is progressing thanks to critical external support.
UKRAINE'S REFORM COMMITMENTS
The Ukrainian Ministry of Finance stated that they continue to work efficiently on the implementation of the agreed reforms. IMF official Gavin Gray emphasized that the program provides a strong foundation for Ukraine's economic efforts during periods of high uncertainty. He noted that the program is progressing with critical external support.