Key Takeaways
- The IMF Board has approved a nearly $500 million disbursement to Ukraine under the Extended Fund Facility program.
- The disbursement aims to stabilize the economy and support recovery in Ukraine, as part of a $152.9 billion international support package.
- The Extended Fund Facility program has access to $15.5 billion and is part of a 48-month program approved in March 2023.
Washington: The IMF Board has approved a nearly $500 million disbursement to Ukraine following a review of the Extended Fund Facility program, the Fund announced in a statement on Monday.
“The IMF Board today completed the Eighth Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US$0.5 billion (SDR 0.37 billion) to Ukraine, which will be channeled for budget support,” the IMF said.
The IMF reminded that Ukraine’s 48-month EFF program, approved in March 2023 with access to $15.5 billion, is part of a $152.9 billion international support package, which aims to stabilize the economy, support recovery, and strengthen governance and institutions.
