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The IMF approved a new $900 million tranche for Ukraine

The IMF approved a new $900 million tranche for Ukraine

The IMF approved a new $900 million tranche for Ukraine

The IMF Executive Board approved the second review of Ukraine’s Extended Fund Facility on December 11, enabling a disbursement of up to $900 million, according to Vladyslav Rashkovan, Alternate Executive Director at the International Monetary Fund.

Quote"We will now be working to prepare for the second review next spring," Rashkovan added on Facebook.

Kristalina Georgieva, Managing Director of the IMF, announced the decision during her press conference with Ukrainian President Volodymyr Zelenskyi, whose visit to the United States started on December 11.

Quote"It will be tough, but we will certainly make it: 1. First, there will be money from the IMF. 2. Then, from the USA. 3. Then, from the EU. And then there will be money from our other partners: the World Bank, other G7 countries (for example, Japan, Canada, and Britain), and other large countries (for example, South Korea or Norway). And there are small countries (like Lithuania) that also support us," Rashkovan predicted a few days ago.

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