Ukraine gets $2.7 billion from new IMF program

Ukraine received the first tranche of $2.7 billion from the International Monetary Fund (IMF) new aid program, Andriy Pyshnyy, governor of the National Bank of Ukraine (NBU), announced on Monday.

"We thank our partners for their quick help," Pyshnyy wrote on Facebook.

Ukraine is now actively working to successfully pass the first review of the program and receive the next tranche of aid, he added.

Last week, the IMF approved a new 48-month extended arrangement under the Extended Fund Facility worth about $15.6 billion.

The program aims to anchor policies that sustain fiscal, external, price and financial stability, and support the economic recovery of Ukraine.

(Cover: People clear snow from the pavement after snowfall in Kramatorsk, Ukraine, March 31, 2023. /CFP)

Source(s): Xinhua News Agency

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