Ukraine receives $1.1B from IMF for critical budget expenditures

Ukraine has received $1.1 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program to cover critical budget expenses, according to the Telegram channel of Ukrainian Prime Minister Denys Shmyhal, Report informs.

"Ukraine has received $1.1 billion from the IMF. This is the sixth tranche under the general program within the Extended Fund Facility (EFF) mechanism," the prime minister noted.

He added that the funds will be directed to finance critical budget expenditures. In total, Ukraine has already received $9.8 billion from the IMF under the EFF program.

In March 2023, the IMF approved a four-year program for Ukraine with funding of $15.6 billion.