About past, present and future of Ukraine

Search mobile

Main Business The IMF will consider allocating nearly $900 million to Ukraine in March

Business

The IMF will consider allocating nearly $900 million to Ukraine in March

346
The IMF will consider allocating nearly $900 million to Ukraine in March

Share this article

The Executive Board of the International Monetary Fund intends to consider the agreement with Ukraine regarding the disbursement of a tranche of $880 million in the second half of March.

This was announced by the official spokesperson of the IMF, Julie Kozack, during a briefing.

"In terms of the meeting date of the Board of Directors, the consideration of the latest review (of Ukraine's economy) is expected in the second half of March," stated the IMF spokesperson.

According to her, the money will be allocated to the government of Ukraine under the Extended Fund Facility.

Recall that on December 11, 2023, the IMF Executive Board approved the second review of the IMF programme for Ukraine and disbursed a tranche of $900 million under the program for 2023-2027.

The Fund also published an updated memorandum containing voluntary commitments by the country's authorities to take certain steps.

It is also known that negotiations between the IMF mission and representatives of Ukraine took place in Warsaw from February 17 to 22. The parties discussed extended financing in the amount of about $900 million.

The Odessa Journal
more articles

Top article

The Ministry of Defense has signed a contract for the construction of a service center for repairing drones in Ukraine
War

The Ministry of Defense has signed a contract ...

Dmytro Kuleba: Ukraine and Croatia have agreed to use Croatian ports for exporting Ukrainian grain
Business

Dmytro Kuleba: Ukraine and Croatia have agree ...

New sanctions: Defence industry, political parties and individuals linked to oligarchs
Business

New sanctions: Defence industry, political pa ...

Volodymyr Zelensky: We are preparing for the next Ramstein meeting, we expect solidly grounded decisions to meet the prospects on the battlefield
War

Volodymyr Zelensky: We are preparing for the ...