IMF makes more cash available to Ukraine, for budget support
- Economy
- DPA
- Published Date: 10:31 | 30 June 2023
- Modified Date: 10:31 | 30 June 2023
The International Monetary Fund (IMF) has made another cash injection available to Ukraine.
The executive board completed an initial review of the $15.6 billion (€14.4 billion) aid program, allowing Ukraine immediate access to about $890 million, the IMF said on Friday. The money is to be used for budget support, it said.
The loan program - a so-called Extended Fund Facility (EFF) - was approved in March, according to the IMF, and is part of a total $115 billion support package for Ukraine. The IMF certified that the Ukrainian authorities had made "great progress in meeting their commitments under difficult conditions."