Washington, July 1 (UNI) The IMF Board has approved a nearly $500 million disbursement to Ukraine following a review of the Extended Fund Facility program, the Fund announced in a statement on Monday.
"The IMF Board today completed the Eighth Review of the Extended Arrangement under the Extended Fund Facility (EFF) for Ukraine, enabling a disbursement of about US$0.5 billion (SDR 0.37 billion) to Ukraine, which will be channeled for budget support," the IMF said.
The IMF reminded that Ukraine’s 48-month EFF program, approved in March 2023 with access to $15.5 billion, is part of a $152.9 billion international support package, which aims to stabilize the economy, support recovery, and strengthen governance and institutions.
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