The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
The move brings total IMF disbursements to Ukraine under the four-year programme to $10.6 billion.
The IMF Board's approval comes amid ongoing war-related challenges, with the Fund reiterating its warning that Ukraine continues to face "exceptionally high" risks to its economic outlook due to Russia's ongoing invasion.
“Russia’s war continues to take a devastating social and economic toll on Ukraine. Nevertheless, macroeconomic stability has been preserved through skillful policymaking as well as substantial external support,” said IMF First Deputy Managing Director Gita Gopinath in a statement.
Despite the ongoing conflict, Ukraine has met all performance criteria under the program and has established four new reform benchmarks. These include steps to modernize the financial market infrastructure, implement international valuation standards, and improve alignment with global practices on securitization and bond markets.
The IMF also granted more time for Ukraine to meet certain structural commitments, such as appointing a new head of the State Customs Service. Ukrainian authorities have additionally requested a rephasing of access to IMF funds to better match their financing needs through the remainder of 2025, although no specifics were disclosed.
The Fund maintained its 2025 economic growth forecast for Ukraine at 2–3%, noting that lower gas production and weaker agricultural exports are weighing on recovery. It also indicated that Ukraine will likely require a supplementary budget for the year to manage continued fiscal pressures related to the war.
The review could also open the door for Ukraine to revisit stalled negotiations over restructuring its GDP-linked warrants. Earlier this month, Ukraine’s debt chief Yuriy Butsa told Reuters that the IMF’s review would provide a logical point to resume talks on that front.
The latest tranche underscores the critical role of international financial assistance in supporting Ukraine's economy during wartime, as the country continues efforts to stabilize its finances and implement long-term reforms amid severe external shocks.
Lebanon’s cabinet on Friday endorsed an army plan to disarm Hezbollah as Shi’ite ministers stage walk out in protest....
The U.S. has ordered the deployment of 10 F-35 fighter jets to a Puerto Rico airfield for operations against designated narco-terrorist groups operati...
David Lammy, Yvette Cooper and Shabana Mahmood are on the up as Prime Minister Keir Starmer reshuffles his cabinet following former deputy Angela Rayn...
At the Shanghai Cooperation Organisation (SCO) summit in China, fresh details surfaced about the circumstances behind Azerbaijan’s blocked membershi...
At the Prague Defence Summit, Defence Industries Secretary Haluk Görgün met with NATO Secretary General Mark Rutte, highlighting the sector’s rapi...
Lebanon’s cabinet on Friday endorsed an army plan to disarm Hezbollah as Shi’ite ministers stage walk out in protest.
Under the decisive and empowering leadership of President Ilham Aliyev, Azerbaijan has a remarkable trajectory in world politics.
David Lammy, Yvette Cooper and Shabana Mahmood are on the up as Prime Minister Keir Starmer reshuffles his cabinet following former deputy Angela Rayner's exit.
At the Shanghai Cooperation Organisation (SCO) summit in China, fresh details surfaced about the circumstances behind Azerbaijan’s blocked membership bid. Diplomatic sources cited by APA said the decision was not only driven by India but also actively supported by Russia.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Lebanon’s cabinet on Friday endorsed an army plan to disarm Hezbollah as Shi’ite ministers stage walk out in protest.
The U.S. has ordered the deployment of 10 F-35 fighter jets to a Puerto Rico airfield for operations against designated narco-terrorist groups operating in the southern Caribbean, sources said. The planes are expected to arrive by late next week.
David Lammy, Yvette Cooper and Shabana Mahmood are on the up as Prime Minister Keir Starmer reshuffles his cabinet following former deputy Angela Rayner's exit.
At the Shanghai Cooperation Organisation (SCO) summit in China, fresh details surfaced about the circumstances behind Azerbaijan’s blocked membership bid. Diplomatic sources cited by APA said the decision was not only driven by India but also actively supported by Russia.
Joe Biden has undergone a surgical procedure to remove cancerous skin cells and is recovering well, according to NBC News.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment