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IMF approves US$890 million as further cash injection for Ukraine

30 Jun 2023 04:24pm
A rescuer walks past damaged cars parked outside a 24-storey building partially destroyed as a result of missiles strike in Ukrainian capital of Kyiv early on June 24, 2023. - (Photo by SERGEI SUPINSKY / AFP)
A rescuer walks past damaged cars parked outside a 24-storey building partially destroyed as a result of missiles strike in Ukrainian capital of Kyiv early on June 24, 2023. - (Photo by SERGEI SUPINSKY / AFP)

WASHINGTON - The International Monetary Fund (IMF) has made another cash injection available to Ukraine, reported German news agency (dpa).

The executive board completed an initial review of the US$15.6 billion (€14.4 billion) aid programme, allowing Ukraine immediate access to about US$890 million, the IMF said on Friday.

The money is to be used for budget support, it said.

The loan programme - a so-called Extended Fund Facility - was approved in March and is part of a total of US$115 billion support package for Ukraine.

The IMF certified that the Ukrainian authorities had made "great progress in meeting their commitments under difficult conditions". - BERNAMA

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