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.
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The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developing the country’s oil reserves, officials from both sides announced.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining France and the UK in ramping up pressure on Israel.
U.S. Commerce Secretary Howard Lutnick confirmed that South Korea’s reciprocal and auto tariff rate will be set at 15%, averting a steeper 25% levy ahead of the 1 August deadline.
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The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developing the country’s oil reserves, officials from both sides announced.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
Canada plans to recognize the State of Palestine at the UN General Assembly in September, Prime Minister Mark Carney announced Wednesday, joining France and the UK in ramping up pressure on Israel.
U.S. President Donald Trump has announced sweeping 50% tariffs on Brazilian imports, citing concerns over judicial overreach and human rights violations. Yet major economic sectors were spared, following weeks of negotiations and lobbying from businesses on both sides.
An estimated 80,000 children are vulnerable to cholera in West and Central Africa amid ongoing outbreaks and the onset of heavy rains, according to the United Nations.
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