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Ukraine received USD 890 million from the IMF

The general fund of the State Budget of Ukraine received the second tranche in the amount of USD 890 million from the International Monetary Fund (IMF).

The funds were received as a result of the successful first review of the Extended Fund Facility (EFF) Program. Currently, Ukraine has already received USD 3.59 billion from the IMF. The total financing under the Program is USD 15.6 billion (11.6 billion SDR).

“The received financing is the result of effective and coordinated cooperation of the Government of Ukraine, the Ministry of Finance of Ukraine, the National Bank of Ukraine with experts and the management of the IMF within the framework of the EFF program. During the review of the EFF program, experts and IMF management noted the  strong progress of the Ukrainian side in the implementation of structural measures and quantitative performance criteria determined under the Program. Thanks to the funds provided, we are able to continue to maintain economic stability in Ukraine and ensure priority expenditures of the State Budget,” said Minister of Finance of Ukraine Sergii Marchenko.

Additional Information

On June 29, the Executive Board of the International Monetary Fund completed the first review under the Extended Fund Facility (EFF) arrangement for Ukraine. The review acknowledges strong progress of the Government of Ukraine in performing the EFF commitments. Ukraine has met all applicable quantitative performance criteria for April and structural benchmarks as of the end of June.