HomeEconomyUkraine will receive an...

Ukraine will receive an IMF tranche for $890 million

The IMF Board has completed the first revision of the expanded agreement under the Extended Financing Program for Ukraine.

Ukraine will receive approximately $890 million from the IMF under the Extended Financing Facility (EFF), which will be used for budget support. This is stated in the IMF statement.

“The IMF Board has completed the first revision of the expanded agreement under the Expanded Financing Facility (EFF) for Ukraine, which allows the authorities to receive the equivalent of approximately $890 million, which will be used to support the budget,” said the message.

The Extended Financing Facility was approved by the IMF Board of Directors in March 2023 and is part of a total $115 billion support package for Ukraine.

The fund noted that, despite the war, the Ukrainian economy, after a sharp decline in 2022, shows more stability than expected, and the forecast for GDP growth in 2023 increased to 1-3 %.

“The authorities have made significant progress in fulfilling their obligations under the EFF under difficult conditions, having met all performance criteria at the end of April and structural beacons at the end of June, and remains committed to this program,” the statement said.

Continued strong ownership and reform momentum are necessary to maintain macroeconomic stability, strengthen institutional reforms and support recovery efforts, and help Ukraine move towards EU accession, added funds.

It will be recalled that in March the IMF executive board approved a $15.6 billion four-year financing package for Ukraine to help the country meet its urgent financial needs amid the war. In general, this year Ukraine has the opportunity to receive three tranches from the IMF for a total of $4.5 billion.

The IMF approved the second loan tranche and raised Ukraine’s GDP growth estimate
news Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Russia will help you go to the depression of swamp bombing – Reuters

The country of the aggressor will not be able to quickly replace the strategic aircraft that were lost as a result of a wide security service for websites. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

Possible GTA 6 leakage reveals news in the gameplay

Some items and details about news from the new Grand Theft Auto VI game were possibly leaked on social networks; look!It will be? A new Reddit publication has created more speculation about what players can expect from 'Grand Theft Auto VI'. The game, officially postponed in early...

In Latka, the skeleton of the bend and posts (photographs) was struck

As a result of the Russian attack, the number of death in Latsk increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Rescuers owed the body of a 27-year-old dead...

The Russian Federation was elected in Magatta in the void, the busy Zaes will begin

The country aggressor announced the desire to restart the occupied Zaporizhjhya NPP. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The invaders have already contacted the IAEA so that the...

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...