The International Monetary Fund (IMF) approved a $1.1 billion tranche for Ukraine as part of a $148 billion support package for Ukraine.
The IMF announced its decision following the sixth review of Ukraine's Extended Fund Facility (EFF) program.
“This will bring the total disbursements under the IMF-supported program to US$9.8 billion,” the fund said.
“This will bring the total disbursements under the IMF-supported program to US$9.8 billion,” the fund said.
Following the decision, IMF Managing Director Kristalina Georgieva said Ukraine's government had demonstrated effective policy-making, which, along with substantial international assistance, helped maintain macroeconomic stability.Today, the IMF Executive Board completed the 6th review of Ukraine's program, enabling a disbursement of about US$1.1 b, which will be channeled for budget support to 🇺🇦 Ukraine. Read more here: https://t.co/uVKaCqmh9B pic.twitter.com/MIdHDV9yU5
— IMF (@IMFNews) December 20, 2024
She said: “The (Ukrainian) economy has remained resilient, reflecting the continued adaptability of households and firms, although risks are tilted to the downside due to headwinds from attacks on energy infrastructure and a tight labor market.”
“Preparedness and contingency planning are key to enable appropriate policy action should risks materialize,” Georgieva added.
The IMF said that the program helps Ukraine maintain economic stability during high uncertainty. The EFF supports recovery, strengthens governance and institutions, and promotes long-term growth as Ukraine rebuilds and pursues EU membership.
“Preparedness and contingency planning are key to enable appropriate policy action should risks materialize,” Georgieva added.
The IMF said that the program helps Ukraine maintain economic stability during high uncertainty. The EFF supports recovery, strengthens governance and institutions, and promotes long-term growth as Ukraine rebuilds and pursues EU membership.
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