Ukraine expects to receive US$1.1 billion from IMF in late December – Ukraine's PM

Ukraine is anticipating a US$1.1 billion tranche from the International Monetary Fund (IMF) at the end of December.

Source: Ukraine’s Prime Minister Denys Shmyhal

Quote: "We successfully completed the fifth review of the Extended Fund Facility (EFF) programme at the end of October. We have met all structural benchmarks for the sixth review. Based on the results of the current mission, we expect to receive the next tranche of US$1.1 billion by the end of December."

Details: Shmyhal reported that the parties discussed further implementation of reforms outlined in the cooperation memorandum with the IMF, as well as Ukraine’s progress, which the Fund has highly regarded.

The prime minister expressed gratitude to the IMF team for maintaining full operations in Kyiv, emphasising that it helps better understand Ukraine's urgent needs.

Background: The IMF mission began its work on 11 November to conduct the sixth review of the cooperation programme with Ukraine.

Support UP or become our patron!