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.
Afghan authorities in Kabul and Herat have sought wider investment, trade and environmental cooperation with Uzbekistan, Russia, Kazakhstan, Iran and ...
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Don...
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claim...
The 4th Shusha Global Media Forum will bring together nearly 160 media leaders, experts and officials from 54 countries in Azerbaijan's historic city of Shusha on 13-14 July, to discuss journalism’s role in peacebuilding, restoring public trust and tackling challenges.
The U.S. has launched fresh strikes on Iran after Tehran targeted a container ship and said it had again closed the Strait of Hormuz. Iran also claimed to have expanded attacks on U.S. military facilities across the Gulf.
Typhoon Bavi, the strongest storm to hit the eastern coast of mainland China this year, brought heavy rain, strong winds, flooding and landslides after making landfall in Zhejiang province on Sunday. More than 2.8 million people were evacuated to safety ahead of the storm.
President Ilham Aliyev is holding his annual question-and-answer session with international journalists at the 4th Shusha Global Media Forum in Azerbaijan.
Qatar is mourning the death of its former ruler, Sheikh Hamad bin Khalifa Al Thani, who has passed away at the age of 74.
The United States carried out a third consecutive night of airstrikes against Iran, targeting military capabilities around the Strait of Hormuz as Donald Trump announced the reinstatement of a blockade on Iranian shipping and proposed a 20% fee on cargo passing through the strategic waterway.
The United States and Iran have significantly escalated their conflict, exchanging heavy missile and drone strikes across the Gulf region. Iran claims it has once again closed the Strait of Hormuz, a vital global shipping route.
A Sudanese court has sentenced Rapid Support Forces (RSF) commander Mohamed Hamdan Dagalo, known as Hemedti, and 15 other defendants to death in absentia over crimes committed during the conflict in West Darfur.
Ukrainian lawmakers are expected to vote on a new government this week after President Volodymyr Zelenskyy unexpectedly dismissed Prime Minister Yulia Svyrydenko, saying the shake-up is needed to bring "renewal" as the country faces mounting wartime challenges.
Twelve people have been arrested in connection with an alleged extreme right-wing terrorism plot targeting a major Islamic gathering in Suffolk, prompting counter-terrorism police to declare a major incident and bring the event to an early close.
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