The International Monetary Fund (IMF) announced on Thursday that it has reached a staff-level agreement with Ukrainian authorities on the eighth review of Ukraine’s ongoing $15.5 billion Extended Fund Facility (EFF).
According to an official statement from the IMF, the agreement—pending approval by the IMF Executive Board—would unlock approximately $500 million (equivalent to SDR 0.37 billion) in additional funding for Ukraine.
The EFF arrangement, launched in 2023, spans four years and is intended to support Ukraine’s macroeconomic stability, structural reforms, and post-war economic recovery amid the ongoing conflict with Russia.
Approval by the Executive Board will bring Ukraine closer to meeting its fiscal needs and reinforce investor confidence as the country continues to implement economic policies under challenging wartime conditions.
Further details on the review and disbursement timeline are expected following the Executive Board’s formal deliberations.
Thousands of firefighters worked tirelessly on Saturday in Victoria, Australia, to combat bushfires that have destroyed homes, left tens of thousands ...
A South Korean court hearing the case of former President Yoon Suk Yeol on charges of insurrection postponed the sentencing request until next week af...
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dyn...
The United Nations has described footage of the fatal ICE shooting in Minneapolis as deeply disturbing, urging a thorough investigation and reaffirmin...
The foreign ministries of Armenia and Iran held political consultations in Yerevan, according to official statements....
Thousands of firefighters worked tirelessly on Saturday in Victoria, Australia, to combat bushfires that have destroyed homes, left tens of thousands without power, and scorched large areas of bushland.
A South Korean court hearing the case of former President Yoon Suk Yeol on charges of insurrection postponed the sentencing request until next week after a lengthy session. This case could potentially lead to a death penalty verdict for Yoon due to his failed attempt to impose martial law in 2024.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
The foreign ministries of Armenia and Iran held political consultations in Yerevan, according to official statements.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
U.S. President Donald Trump has warned that Iran could face a strong response from the United States if its authorities kill protesters amid ongoing unrest.
Iran is now facing a near‑total internet blackout as anti-government protests sweep the country. Major cities including Tehran have seen connectivity drop sharply, leaving millions of residents isolated from online communication.
New York City parents could soon have access to free childcare for two-year-old children following a joint announcement made by Mayor Zohran Mamdani and Governor Kathy Hochul on Thursday (8 January).
Tens of thousands of Iranians have taken to the streets in Tehran and across at least 28 cities in a wave of anti-government demonstrations, now entering their twelfth day.
President Donald Trump stated on Friday that the U.S. must acquire Greenland to prevent Russia or China from potentially occupying the island in the future.
Thousands of firefighters worked tirelessly on Saturday in Victoria, Australia, to combat bushfires that have destroyed homes, left tens of thousands without power, and scorched large areas of bushland.
A South Korean court hearing the case of former President Yoon Suk Yeol on charges of insurrection postponed the sentencing request until next week after a lengthy session. This case could potentially lead to a death penalty verdict for Yoon due to his failed attempt to impose martial law in 2024.
Türkiye is reportedly in discussions to join the defence alliance between Saudi Arabia and Pakistan, a strategic move that could reshape security dynamics in the Middle East and South Asia.
The United Nations has described footage of the fatal ICE shooting in Minneapolis as deeply disturbing, urging a thorough investigation and reaffirming the right to peaceful protest.
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