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IMF agrees to provide Ukraine with additional $1.3bn - Shmyhal

The total amount allocated by the Fund since the beginning of the Russian invasion will amount to $2.7bn.

IMF agrees to provide Ukraine with additional $1.3bn - Shmyhal
Photo: Ukrainian prime minister's press service

The International Monetary Fund will provide Ukraine with an additional $1.3bn, Prime Minister Denys Shmyhal has said on social networks.

"This means that the total funding from the Fund since the beginning of the war will amount to $2.7bn. The tranche will be used to support our defence capability, payment of pensions and social programmes, as well as to strengthen the stability of our economy," he said.

Shmyhal added that since the beginning of Russia's full-scale invasion, Ukraine's international partners have provided our country with about $20bn.

"Thanks to these funds, we understand how we can finance all the necessary expenditures this year. We thank our allies who help us to survive in the struggle for independence and freedom of Ukraine. We appreciate such support and are working to expand it. Next year we expect a new large IMF programme, as well as funding from the USA, EU and other G7 countries," he said.

In late September, the NBU reported that Ukraine would ask the IMF for about $1.3bn in emergency financing. If the IMF board approves the application, the funds may arrive in October.

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