Ukraine receives $15.6b from IMF for economic stability

Ukraine has made notable strides in its economic reform efforts, according to the International Monetary Fund’s (IMF) Managing Director, Kristalina Georgieva, who highlighted the IMF’s allocation of $15.6 billion to support these reforms.

This funding is part of a broader $122 billion external support package aimed at maintaining economic stability, ensuring debt sustainability, and advancing Ukraine’s EU accession.

Georgieva praised recent agreements with creditors, including a debt service standstill until August 2024 and planned final debt treatments.

These measures are intended to provide debt relief, support economic growth, and align with the IMF’s sustainability objectives. The IMF views these developments as critical to Ukraine’s reform strategy, with ongoing creditor and donor support essential for continued progress.

Attribution: The International Monetary Fund