Ukraine’s government spent weeks trying to block a qualified anti-corruption investigator. Today, $2.3 billion in international pressure changed their minds.
The financial aid was delivered under an extended financing mechanism, supporting critical budget expenditures while requiring continued reforms amid the ongoing Russo-Ukrainian war.
The IMF begins its fifth review of Ukraine's Extended Fund Facility, potentially releasing $1.1 billion, as PM Shmyhal discusses reforms, macrofinancial stability, and Russian asset confiscation with IMF's Kammer.
Despite substantial military aid and earmarked funds from allies, only a fraction of the assistance is being provided as direct cash support to the Ukrainian government.
Ukraine receives an $880 million tranche from IMF under the Extended Fund Facility Arrangement, aiding budget expenditures and macro-financial stability amid the ongoing Russo-Ukrainian war.
IMF chief Kristalina Georgieva cautions that failure by the US and EU to swiftly deliver on tens of billions in pledged Ukraine aid could undermine the country's fragile economic progress.
The International Monetary Fund (IMF) announced it resumed operations at its permanent office in Kyiv, underscoring the financial institution's expanding collaboration with Ukraine within the agreed $15.6 billion program over four years.