Ukraine receives $1.1 billion loan from IMF
Source: Prime Minister Denys Shmyhal/Telegram
Ukraine has secured another tranche under the Extended Fund Facility (EFF) program from the International Monetary Fund (IMF), amounting to $1.1 billion. The funds have already been sent to the state accounts and will be used to cover “critical budgetary expenditures”, said the country’s PM Denys Shmyhal.
Ukraine has received $9.8 billion as part of the EFF program that was approved by the IMF executives on March 31, 2023 – it spans four years with a total credit allocation of $15.6 billion.
The EFF is divided into two key phases:
- War-time support – The first phase focuses on funding essential government expenses during the war.
- Post-war recovery – The second will help finance Ukraine’s reconstruction and economic recovery after the war.
Ukraine received approximately $4.5 billion under the program in 2023.
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Military serviceman of the International Legion for the Defense of Ukraine with the call sign “Paradox” is the crew commander of the American M113 armored personnel carrier. He is a master at using it and is constantly improving, because the legionnaire’s skills are tested every day in battle. You have to drive to the front lines, often under artillery fire and drone attacks.
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