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

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

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

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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
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