The International Monetary Fund (IMF) has declared that Ukraine is set to receive a sum of $2.2 billion payout after meeting the terms of an existing loan program.
Amidst the ongoing Russian invasion, this payout constitutes a portion of a $122 billion international support package dedicated to shoring up Ukraine’s economy.
The IMF mission in Ukraine, led by Gavin Gray, praised Ukraine’s robust performance within the program despite the challenges of war, emphasizing the timely distribution of external budget support for 2024.
The International Monetary Fund (IMF) aims to promote international monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
IMF provides policy advice, financial assistance, and technical assistance to its member countries to help them address economic challenges and achieve these objectives.