The Executive Board of the International Monetary Fund on Friday approved a four-year, $15.6 billion financial package for Ukraine as part of a total $115 billion international support package, the IMF announced.

All about the topic:

Russian invasion of Ukraine 10057

The decision is expected to mobilize large-scale concessional financing from international donors and Ukraine's partners to help resolve the country's balance of payments problem, now in its second year at war, achieve medium-term external viability and restore debt sustainability, it said. in the fund statement.

The IMF also indicated that the new extended financing facility would allow the immediate disbursement of about $2.7 billion to Ukraine.

Huge financial aid for Ukraine, the IMF grants it $15.6 billion.

Earlier this month, the IMF and Ukraine agreed at the technical level on a set of macroeconomic and financial policies that will be supported by the IMF's new 48-month extended financing arrangement.

"I am grateful to the IMF and its Managing Director Kristalina Georgieva for approving a new four-year support program for Ukraine totaling $15.6 billion. This is an important aid in our fight against Russian aggression. Together we are supporting the economy," he wrote on Twitter. Ukrainian President Volodymyr Zelensky after the announcement.

I'm thankful to the IMF and @KGeorgieva for approving a new four-year support program for Ukraine for the total of $15.6 billion.

It is an important help in our fight against Russian aggression.

Together we support the economy.

And we are moving forward to victory!

— Volodymyr Zelenskyi (@ZelenskyyUa) March 31, 2023

Russian invasion of Ukraine

Ukraine

The International Monetary Fund