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Ukraine withdrew 1.1 billion dollars from the IMF: where to straighten the money

Ukraine received the sixth tranche of the joint program within the Mechanism of Expanded financing (Extended Fund Facility, EFF) amounting to 1.1 billion dollars.

RBC-Ukraine reports this via a message sent to the Telegram channel of the head of the Ukrainian government, Denis Shmigal.

Behind the words Shmigalya, koshti already found on Ukrainian racks will be directly used to finance critical budget sectors.

“As part of this program, Ukraine has already taken 9.8 billion dollars from the IMF,” he added.

EFF program under the IMF

31 Bereznya Vikonavcha The Council of the International Monetary Fund (IMF) approved a four-pronged program of expanded financing, considered as a mechanism of expanded financing, within the framework of which Ukraine withdraws credit for the amount of 15.6 billion US dollars.

The program conveys two main stages: the first – term financing for the period before the end of the war, the second – support for post-war renewal.

Also, in 2023, Ukraine already took away nearly 4.5 billion dollars from the foreign currency. At the start of 2024, the Ukrainian government has emerged from the IMF to discuss the fourth revision of the program. Following the results of these negotiations, on June 28, the IMF praised the new tranche amounting to 2.2 billion dollars for Ukraine.

It recently became known that the IMF Council has completed its sixth review of programs within the EFF.

Read terms and important information about the war between Russia and Ukraine on the RBC-Ukraine channel on Telegram.

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