IMF Approves $880 Million Tranche for Ukraine

by Cheplyk Roman
Friday, March 22, 2024
IMF Approves $880 Million Tranche for Ukraine

The International Monetary Fund (IMF) has approved the allocation of an $880 million tranche to Ukraine following the completion of the third review of the extended financing program

This announcement was made by Gavin Gray, the head of the IMF mission in Ukraine, during a press conference in Washington.

With this approval, the funds are expected to be transferred to Ukraine within the next two to three days. This latest tranche brings the total financial support provided to Ukraine under this program to $5.4 billion.

The approval comes at a critical time for Ukraine, as reported on March 22, the Russian forces launched a significant attack on Kharkiv's energy infrastructure. More than 15 S-300 and X-22 missiles were fired, targeting power generation facilities and substations, according to Oleg Sinegubov, the head of the local OVA. This act highlights the ongoing challenges faced by Ukraine amidst the conflict and underscores the importance of international financial support in sustaining the country's stability and recovery efforts.

You will be interested