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.
A small plane crashed into the terrace of a residential building near Mönchengladbach, western Germany, on Saturday, killing two people, police said.
Steve Witkoff, U.S. President Donald Trump's special envoy, criticized Hamas’s response to Washington’s latest ceasefire proposal, calling it “completely unacceptable” and a step backward.
Turkish President Recep Tayyip Erdogan held separate phone calls on Saturday with Bulgarian President Rumen Radev and Somali President Hassan Sheikh Mohamud to talk about bilateral ties as well as regional and global topics.
Ethiopia’s Health Ministry confirmed on Saturday the country’s first death linked to mpox, with five more cases still active. No new infections or recoveries were reported in the past 24 hours.
U.S. Defense Secretary Pete Hegseth told Indo-Pacific allies Saturday they won’t be left alone against growing military and economic pressure from China—but they must also boost their own defense efforts.
Paris Saint-Germain sealed their first-ever European Cup with a dominant 5-0 victory over Inter Milan in Saturday’s Champions League final.
A small plane crashed into the terrace of a residential building near Mönchengladbach, western Germany, on Saturday, killing two people, police said.
Steve Witkoff, U.S. President Donald Trump's special envoy, criticized Hamas’s response to Washington’s latest ceasefire proposal, calling it “completely unacceptable” and a step backward.
Turkish President Recep Tayyip Erdogan held separate phone calls on Saturday with Bulgarian President Rumen Radev and Somali President Hassan Sheikh Mohamud to talk about bilateral ties as well as regional and global topics.
Ethiopia’s Health Ministry confirmed on Saturday the country’s first death linked to mpox, with five more cases still active. No new infections or recoveries were reported in the past 24 hours.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
An international academic conference titled "Islamophobia: Exposing Prejudice and Destroying Stigma" has officially opened in the capital of Azerbaijan, bringing together global scholars, experts, and policymakers to address the rise and consequences of anti-Muslim discrimination.
Paris Saint-Germain sealed their first-ever European Cup with a dominant 5-0 victory over Inter Milan in Saturday’s Champions League final.
A small plane crashed into the terrace of a residential building near Mönchengladbach, western Germany, on Saturday, killing two people, police said.
Steve Witkoff, U.S. President Donald Trump's special envoy, criticized Hamas’s response to Washington’s latest ceasefire proposal, calling it “completely unacceptable” and a step backward.
Turkish President Recep Tayyip Erdogan held separate phone calls on Saturday with Bulgarian President Rumen Radev and Somali President Hassan Sheikh Mohamud to talk about bilateral ties as well as regional and global topics.
Ethiopia’s Health Ministry confirmed on Saturday the country’s first death linked to mpox, with five more cases still active. No new infections or recoveries were reported in the past 24 hours.
Paris Saint-Germain sealed their first-ever European Cup with a dominant 5-0 victory over Inter Milan in Saturday’s Champions League final.
A small plane crashed into the terrace of a residential building near Mönchengladbach, western Germany, on Saturday, killing two people, police said.
Steve Witkoff, U.S. President Donald Trump's special envoy, criticized Hamas’s response to Washington’s latest ceasefire proposal, calling it “completely unacceptable” and a step backward.
Turkish President Recep Tayyip Erdogan held separate phone calls on Saturday with Bulgarian President Rumen Radev and Somali President Hassan Sheikh Mohamud to talk about bilateral ties as well as regional and global topics.
Ethiopia’s Health Ministry confirmed on Saturday the country’s first death linked to mpox, with five more cases still active. No new infections or recoveries were reported in the past 24 hours.
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