World

The IMF will transfer 880 million dollars to Ukraine

The Executive Board of the International Monetary Fund (IMF) held a session on the third review of the Enhanced Financing Facility (EFF) for Ukraine. It approved the allocation of the next tranche of the program for $880 million.

The IMF representative emphasized that the Ukrainian side has fulfilled all the quantitative criteria and verification indicators of efficiency defined within the review framework except for one. He also noted that the Ukrainian economy showed extreme stability in 2023 despite the martial law. Specific challenges related to war, however, remain.