The International Monetary Fund (IMF) has completed its latest review of Ukraine's financing programme, clearing the way for the immediate release of around $690 million in additional support. The latest disbursement brings total funding under the programme to about $2.2 billion.
The decision brings total disbursements under Ukraine's current IMF loan programme to approximately $2.2 billion, the Fund said in a statement on Monday.
Ukraine is operating under an $8.1 billion IMF programme aimed at supporting economic stability, strengthening financial resilience and advancing reforms amid the ongoing war with Russia.
The latest review comes as Ukraine faces growing pressure on its economy due to intensified Russian attacks on critical infrastructure.
The IMF said Ukraine had managed to maintain macroeconomic and financial stability despite the impact of the war. However, it warned that the economic outlook had weakened because of continued strikes on key infrastructure and the wider effects of instability linked to the conflict in the Middle East.
The Fund said Ukraine's programme performance remained "broadly satisfactory", with all end-March quantitative performance criteria and indicative targets achieved.
However, Ukraine missed its end-June target for net international reserves, partly because of the impact of developments in the Middle East.
The IMF noted that the pace of reforms had slowed, with several structural benchmarks either delayed or not completed.
"To keep the programme on track, IMF staff and the Ukrainian authorities agreed on a revised timeline for reforms, corrective measures to address delays and additional policy commitments," the Fund said.
The agreement was reached in June as part of efforts to ensure continued progress under the financing programme.
IMF Managing Director Kristalina Georgieva said maintaining macroeconomic stability remained Ukraine's immediate priority.
She called for continued prudent fiscal and monetary policies, along with measures to strengthen the resilience of the country's financial sector.
The IMF has provided financial support to Ukraine throughout Russia's full-scale invasion, with assistance focused on helping Kyiv manage wartime economic pressures while implementing long-term reforms.
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle...
Two of Georgia’s most senior officials used separate appearances in New York this week to deliver a similar message: the South Caucasus is ga...
Turkish President Recep Tayyip Erdoğan called for sweeping reform of the UN Security Council on Tuesday, saying the world body could no longer ful...
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s energy sector, critical infrastructure, and food exports, as he prepared to meet U.S. President Donald Trump in New York.
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
While addressing the 81st session of the UN General Assembly, U.S. President Donald Trump said he believes Washington and Tehran will reach a deal after the U.S. midterm elections.
Iran's military has threatened to launch sustained attacks on U.S. bases and interests across the Middle East if Washington resumes military action against Tehran.
Overnight Russian strikes on the city of Sumy, northeast Ukraine, have killed one woman and injured a man, the country's State Emergency Service has said.
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
Turkish President Recep Tayyip Erdoğan called for sweeping reform of the UN Security Council on Tuesday, saying the world body could no longer fulfil its mission of maintaining international peace and security.
Moroccans vote on Wednesday, 23 September in a parliamentary election that will determine the make-up of the 395-seat House of Representatives and shape the next government.
A former Rwandan official has appeared in a London court, becoming the first person in the UK to face charges linked to the 1994 genocide against the Tutsi in Rwanda.
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s energy sector, critical infrastructure, and food exports, as he prepared to meet U.S. President Donald Trump in New York.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment