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IMF to announce four-year programme for Ukraine worth $15.6bn soon – FT

In its statement, the IMF confirmed the negotiations with the Ukrainian authorities were productive.

IMF to announce four-year programme for Ukraine worth $15.6bn soon – FT
Photo: EPA/UPG

The International Monetary Fund (IMF) will soon announce a new four-year, $15.6 billion loan programme for Ukraine, RBC-Ukraine reports, citing The Financial Times.

According to the publication, the announcement about the programme will be made in a few days.

The IMF has been under pressure to pull together a more comprehensive aid package for Ukraine, which has been economically devastated by Russia's full-skale invasion in February 2022.

In its statement, the IMF confirmed that talks with the Ukrainian authorities had been productive and progress had been made.

“Building on this progress, staff and the authorities expect to conclude the discussions in the coming days,” the IMF’s resident representative to Ukraine Vahram Stepanyan said.

Earlier, the IMF provided Ukraine with emergency funding of USD 2.7 billion, and in December last year approved a four-month programme for the country aimed at strengthening the economy and preparing it to receive a large loan from the Fund.

According to the Ministry of Finance of Ukraine, since Russia began its full-scale invasion, Ukraine has received more than $38 billion in budget support from foreign countries and international financial institutions. 

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